Dogecoin (DOGE) Bulls Unite Once More After Brief Correction

• Should bulls continue to grow stronger, DOGE’s price may attempt to establish a foundation above $0.07755.
• After its price dipped slightly over the past day, bulls are stepping in to push DOGE’s price back up again.
• DOGE was able to break above the $0.07755 resistance level over the past 5 days and reached a high of $0.08189.

The price of Dogecoin (DOGE) dropped slightly over the last 24 hours, according to CoinMarketCap. This correction does not tell the full story, however, as the meme coin was able to surpass major resistance levels throughout the past week. Following the latest 24-hour loss, bulls seemed to have stepped back in to resurrect the meme coin’s price.

Daily chart for DOGE/USDT (Source: TradingView)

DOGE was able to break above the $0.07755 resistance level over the past 5 days and reached a high of $0.08189. Bears, however, were quick to force the meme coin’s price to back below this point in the 48 hours that followed and closed Monday’s trading session below this barrier.

Sellers then attempted to force DOGE’s price below the next key support level at $0.07195. They were able to temporarily drag the cryptocurrency to a l…

The post Dogecoin (DOGE) Bulls Unite Once More After Brief Correction appeared first on Coin Edition.