DOGE $0.10 Price Alert? Dogecoin Confronts Important Barrier

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin saw a sharp price move on Tuesday as the broader crypto market rose higher. Crypto market strength extended into Tuesday, with Dogecoin rising for the second day. DOGE saw a significant jump from $0.09 and $0.0997 on Tuesday, printing a large daily candlestick. At the time of writing, Dogecoin was inching closer to $0.10, trading up 8.16% in the last 24 hours to $0.9922. The dog coin has reversed weekly losses, now up 11% in the last seven days. Dogecoin's price jump follows the broader recovery of the market as major cryptocurrencies rebounded on Tuesday when optimism rippled through risk markets. However, the rise could not achieve the $0.10 mark, only reaching $0.0997. A slight barrier is seen above $0.99, as the Dogecoin price retreated from $0.992 on March 5, falling for four straight days. Even resistance is anticipated slightly higher, above $0.10 at $0.104 and $0.106, with Dogecoin testing these price points on Feb. 25 and March 4, respectively, but had a failed breakout. The daily RSI is slightly above 50, hinting at potential sideways trading and a slight advantage to the bulls. The same sideways trading scenario is present on the four-hour chart, with the setup leading to a potential 37% move. According to Alicharts, Dogecoin (DOGE) is consolidating in a triangle on its short-term charts, setting up for a 37% price move. Ali highlighted a triangle pattern forming on Dogecoin's four-hour chart, with the potential for a 37% move, w...