Dogecoin Price Movement Thwarted By Sellers, What’s Next On Chart?

Dogecoin price has witnessed a steep fall in the past week. It lost 15% of its market value in that given time duration. Over the last 24 hours, DOGE fell by 0.7%. The current price action pointed towards a range-bound movement. If Dogecoin price continues to consolidate it might fall below its closest line of support. If the bulls attempt to rise the price of the altcoin higher than its current level then it might trade above its resistance mark. Ever since broad market weakness stepped in, many altcoins have fallen on their respective charts. The technical outlook of Dogecoin price continues to indicate that there are chances of the bulls overtaking the bears provided buyers cooperate. Bulls will continue to struggle with overhead resistance from the lack of buyers in the market. Dogecoin price had bought in 4% rise recently, however, the bulls could not sustain that. This also pointed toward demand for the coin at the lower price levels. Dogecoin Price Analysis: Four-Hour Chart DOGE was trading at $0.068 at the time of writing. It was recently defeated at the $0.071 price mark as sellers pulled the price down. This was because of the high demand for DOGE at lower levels. Overhead resistance for the coin stood at $0.070. If Dogecoin price trades above that price mark, the next resistance would be at $0.072. The nearby support level for the meme-coin awaited at $0.056. A fall in trading volume of the meme-coin displayed a ris...