Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time.It is considered both the first meme coin, and, more specifically, the first dog coin.
After the false breach of the support level at $0.09164, DOGE started growing locally on Saturday. At $0.093, the price is currently moving toward the narrow channel’s midpoint.There is a good likelihood that the price will rise higher tomorrow to $0.094 if the bar closes around that level.The price of DOGE has once more retraced off the barrier at $0.09461 on the longer time frame. However, a test of the crucial $0.10 region might occur next week if the bar closes without wicks today and is followed by increasing volume.On the weekly chart, the scenario is equally favourable because there is a good chance that the price will close above the previous candle’s peak, which is $0.09150. In this instance, DOGE may trade within the next few weeks in the region of $0.005-$0.10.At the time of writing, DOGE is trading at $0.09273.
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