Dogecoin once again makes a move to reclaim $0.07: What to expect?
Dogecoin price analysis for June 25, 2022, comes on a bullish note for the meme coin with increased chances of breaking the $0.07 price level in the coming days if the buyers continue to remain dominant in the coming days. Furthermore, in the last 24 hours, we saw the meme coin make a move to break above this price resistance but failed to do owing to the traders taking advantage of a price surge. As noted in our DOGE price analysis for June 24, 2022, the meme coin holds support at the $0.06 and it seems that investors can expect higher prices if $0.07 is turned into another support level.
The data from CoinMarketCap shows that the trading volume for Dogecoin has surged by 5.31% in the last 24 hours, followed by a 3.53% surge in the market cap. Moreover, the Market Dominance of the coin rests at 0.93%, while the Volume / Market Cap Ratio has a value of 0.05462.
The daily candle for Dogecoin opened at a price of $0.06694 and reached a daily high of $0.06790. Furthermore, the daily low for the coin stands at a price of $0.06623, and the price of 1 DOGE at the time of writing is $0.06756.
Dogecoin price analysis on the daily chart for June 25
Dogecoin price analysis on the daily chart for June 25, 2022, will consider the data presented by 3 major indicators on the daily chart below.
Source: TradingView
The RSI indicator reads a value below 48 which means that the bulls continue to try to take over the price action of Dogecoin.
The MACD indicator shows that the MACD line remains above the signal line and the MACD histogram remains bullish for the token.
The price action for Dogecoin is retesting the middle zone of the Bollinger Bands and investors might see DOGE in the bullish zone of the Bands soon.
Conclusion
Dogecoin price analysis for June 25, 2022, ends on a bullish note for the meme coin as we can expect DOGE to break $0.07 if bulls take charge.
