Dogecoin price is rising and approaching crucial $0.10 level

Today, Dogecoin is looking bullish as the price is up 6 percent in the past 24 hours. Investors are buying the largest memecoin in the world in droves, pushing its price to a high of $0.0979. It would be totally great news if the price rally continues and breaks the psychological level of USD 0.10.

Dogecoin is becoming increasingly popular among traders, increasing the buying pressure. Due to the bullish momentum, traders benefit from long positions. The market capitalization is currently around $13 billion and the 24-hour trading volume is around $690 billion. In the last 24 hours, the daily trading volume has increased by 9.47%.

Dogecoin 1-hour chart looks very bullish

The 1-day price chart of Dogecoin thus shows a beautiful increase. The crypto pair is currently trading at USD 0.0979. There is an increase of almost 6 percent in the last 24 hours, and an increase of 11 percent in the last seven days. This indicates strong bullish sentiment in the market. The bearish pressure of the past week has now been replaced by bullish action.

Dogecoin’s technical indicators suggest that the market is currently dominated by bulls. The MACD line is trading above the signal line and the 100-EMA line is above the 200-EMA line. Dogecoin’s RSI is 60.86, indicating that the market is in overbought territory.

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