DOGE Price Charts Show Continuous Downfall Towards $0.0018

The DOGE price charts show continuous downfall trend towards the The DOGE price charts show continuous downfall trend towards the $0..
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0018, meaning it could expect a loss of more than -1.63% as we are reading further in the Dogecoin price news.

However, the support level at $0.0015 is yet to be broken for the cryptocurrency on the current market conditions. The current price is standing at a level of $0.0018 with the market capitalization of $228,486,942 and the volume traded of $156,545,377 with a circulating supply of 123,654,460,995 DOGE. However, the Doge price charts show that the DOGE/BTC pair is performing well on the market with an overall gain of 1.36% which can be a positive aspect from which the coin could start building momentum on the market.

The DOGE price charts reflect on the bearish momentum that faced by the coin from the start of March. The importance of the downtrend for the cryptocurrency can be noticed on the graphs. DOGE is facing another price consolidation between the price range of $0.0015 and $0.0020 while the current downtrend is unable to break the price level as the coin got a major support level of $0.0016 and $0.0015. The technical indicators favor the bulls.

The MACD levels are showing negative nature after the recent drop to the bullish zone and they are now maintaining sustainability in the region. This could result negatively for the movement of the altcoin. The 24-hour RSI is showing positive signs and will likely reach a bullish level of 70 which also favors the bulls. The 24-hour CCi showed a negative divergence in the normal region and avoided the drop to the oversold region. it is also showing positive nature that can provide bullish momentum for the coin.

No one knows if the Dogecoin price is going to rise past its resistance. However, the entire market is in a dull territory this week without much traction. On March 24, we saw how the DOGE price escalated by more than 17% from its weekly low, touching $0.001964 which is when the bulls started preparing for a move to $0.002. Dogecoin added a lot of gains later but did not manage to touch this point, beginning to trade with a downside momentum afterward.