Dogecoin Price Up 6.8% to $0.191 – Where to Buy DOGE

Dogecoin Cover Image
Dogecoin Cover Image

The crypto market has been on a bearish trend for the major part of the week, with investors being conflicted about whether the trend is still bullish or bearish. Despite some losses within the week, the market looks like it heading to recovery, with the weekend marking the beginning of new gains. At the time of writing, Dogecoin is trading at $0.191 on major exchanges after a gain of 6.8%.

Dogecoin Price Analysis

Dogecoin Price Analysis
Source: Tradingview

DOGE has made remarkable gains in the past 24 hours, making the token resume a slight bullish momentum. Dogecoin needs to breakout past resistance at $0.22 if an upswing is to be recorded. The upswing, in this case, will depend on market support, which will be realized if the market recovers from the current pullback.

With volatility being currently high, DOGE could also retreat to the lower side, which will test lower support at $0.165. Investors could be waiting for such a dip to accumulate on their holdings with hopes that dogecoin will regain prices above $0.70 as another crypto market bull happens.

The recent price dip in DOGE prices could be attributed to the decline being reported across the market. However, other factors that are unique to dogecoin could have also caused the decline.

TikTok recently banned crypto ads on the platform, and analysts believed that the move could be bad for dogecoin. The DOGE community is known for using influencers to grow its community; hence being banned from this platform limited those efforts.

The co-founder of dogecoin recently went to Twitter to create a thread attacking the crypto space for being against several things he stood for. However, many crypto enthusiasts responded to Jackson Palmer’s tweets, including Coinbase CEO Brian Armstrong. In his response, Armstrong stated that the crypto market had made very many people wealthy and created an equal opportunity for everyone.

Where to Buy DOGE

Those who want to buy dogecoin can create an account on a reputable and secure cryptocurrency exchange such as eToro. eToro is one of the leading cryptocurrency exchanges, given that it offers a wide range of features, including copy trading and a demo trading account. These features allow new traders to learn from market experts and increase their chances of making profits from crypto trading.

Looking to buy or trade Dogecoin (DOGE) now? Invest at eToro!

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Remember, all trading carries risk. Past performance is no guarantee of future results.

A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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