DOGE is currently trading near the $0.24 mark.
A breakout above $0.29 could trigger a move to $0.50.
Following a series of plunges in the broader crypto market, the assets are charted in both red and green. Meanwhile, the meme coin market cap is currently staying at around $80.3 billion, after a brief dip in the last 24 hours. Among the meme coins, the dog-themed DOGE has registered a drop of over 2.19%.
In the morning hours, the meme coin traded at a high of $0.2485. With the bearish pressure, DOGE has slipped back to a low of $0.237. At the time of writing, it trades at around $0.2406, with its daily trading volume decreased by over 19.75%, reaching $3.28 billion. Besides, the DOGE market has seen a liquidation of $8.68 million as per Coinglass data.
DOGE price chart (Source: CMC)
A Dogecoin chart reveals the key resistance and support levels. If it breaks above $0.29, it could open the door for a strong bullish move toward $0.50, as there is limited resistanc
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