DOGE at a Decisive Point as Bulls and Bears Battle It Out

• The price of Dogecoin (DOGE) dropped 0.22% during the past day of trading.
• Despite the slight drop in DOGE’s price, it was still trading above the 20-day EMA line.
• A daily candle close above the 20-day EMA line today may lead to it attempting a challenge at the $0.06450 resistance.

Technical indicators suggest that Dogecoin (DOGE) could attempt to challenge a key resistance level in the short term. However, sellers were trying their very best to prevent this from happening. According to CoinMarketCap, the meme coin’s price dropped 0.22% over the past 24 hours – dragging the altcoin’s value down to $0.06187 as a result.

DOGE’s slight drop in value took place during a period wherein the meme coin market’s capitalization dropped 0.55%. Consequently, the combined capitalization for all meme coin’s was estimated to be $14.4 billion.

DOGE’s price movement throughout the past few weeks has been fairly lackluster as the meme coin consolidated within the range between $0.05835 and $0.06450 during this period. Despite this, the cryptocurrency see…

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