DOGE rose above $0.31 for the first time since mid-June
Dogecoin price soared last week and is up nearly 40% in the past seven days, with most of the gains recorded over the weekend as prices broke above $0.30 to reach weekly highs of $0.34.
Over the past 24 hours, the original meme coin’s value has jumped 16%, and bulls could eye more gains this week. If the hype surrounding the coin continues to rally support, it could bring DOGE/USD towards the $0.40 mark.
At time of writing, Dogecoin’s price is looking to bounce higher after a period of profit taking early this morning, which saw prices fall to lows of $0.29.
Dogecoin’s market data from CoinGecko shows that daily trading volume has jumped to over $6 billion, with the market cap of $43.6 billion giving the seventh-ranked cryptocurrency a 2.09% market dominance.
Dogecoin قیمت کا آؤٹ لک
Dogecoin broke out of an ascending symmetrical pattern over the weekend and rose sharply before paring some of the gains as shown on the 4-hour chart. The upside saw DOGE break above the $0.31 resistance line for the first time since mid-June. 
DOGE/USD 4 گھنٹے کا چارٹ۔ ذریعہ: TradingView
Currently, the 61.8% Fibonacci retracement level of the swing low to $0.16 provides support at $0.34. If bulls maintain the uptrend as suggested by the RSI and MACD indicators, the 78.6% Fib level should provide the next upside target around $0.38.
After this, buyers can target the round figure value at $0.40 and possibly the $0.45 zone.
On the downside, bulls can rely on support at the 20-day exponential moving average and the 50% Fib level, both of which are currently located around $0.30.
Source: https://coinjournal.net/news/dogecoin-price-analysis-doge-bulls-target-0-40-as-crypto-soars/
