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Dogecoin Continues to Show Positive Price Movement with Over 10% Increase

The largest memecoin, Dogecoin (DOGE), continues to show a positive price movement with a more than 10% increase last week. At the time of writing, DOGE is trading at $0.06873 with a market value of $9.73 billion, making it the 9th largest cryptocurrency by market value and the 8th largest altcoin. So, what’s next for this popular altcoin? Let’s take a closer look. The recent weekly candle formation indicates that Dogecoin has broken the long-standing downtrend resistance trend line that has been suppressing its price. The bullish outlook for DOGE is further supported by the confirmation of a buy signal from the TD Sequential indicator in the same time frame.

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