Dogecoin Price Eyes $0.093 Rally as Ascending Channel Supports Recovery
Dogecoin (DOGE) has been showing signs of recovery after defending an important support area, according to crypto analyst Trader Tardigrade. The analyst notes that DOGE has bounced twice from the ascending channel's lower boundary, making another move towards upper resistance possible.
DOGE initially found support near $0.0815 in early September and then accelerated toward approximately $0.0915 around September 6. However, selling pressure emerged, pushing the token back toward local support near $0.0825 by September 14.
The momentum oscillators are demonstrating improvements, with RSI above its average value at 56.55. This implies that the buying pressure has become stronger, and DOGE can still have potential to move higher if buyers stay in charge.