Dogecoin makes 4th bullish daily candle as investors aim for $0.15

Dogecoin price analysis for April 15, 2022, brings a slightly bullish analysis for investors as the token has been making slightly bullish moves with a 2% surge in prices in the last 24 hours. Furthermore, as noted in our DOGE analysis for April 14, 2022, the bulls are now aiming for higher prices as the $0.15 price region remains a major resistance for prices. It is also a fact that the meme coin has made a 4th bullish daily candle and we might witness a cool-off period in the coming days. 

The data from CoinMarketCap shows that the trading volume for Dogecoin has surged by 147.41% in the last 24 hours, followed by a 3.84% surge in the market cap. Moreover, the Market Dominance of the token has surged to 1.03%, while the Volume / Market Cap Ratio has a value of 0.04032.

The daily candle for Dogecoin opened at a price of $0.1442 and reached a daily high of $0.1467. Furthermore, the daily low for the token stands at a price of $0.1418, and the price of 1 DOGE at the time of writing is $0.1463.

Dogecoin price analysis on the daily chart for April 15

Dogecoin price analysis on the daily chart for April 15 will take into account the data from the daily chart below which consists of 3 major indicators on the daily chart.

Source: TradingView

The MACD indicator shows that the MACD line is below the signal line but is moving closer to it which confirms that the bulls are gradually taking over. 

The RSI indicator shows a value below 55 which confirms that the bulls are in control of the price action for Dogecoin and the gradient of the line suggests that lower prices might follow. 

The price action has broken into the bullish region of the Bollinger Bands as Dogecoin aims to break the $0.17 price region. 

Conclusion

Dogecoin price analysis for April 15, 2022, ends on a bullish note for the token with high chances of DOGE breaking $0.15.