Dogecoin (CRYPTO: DOGE) is trading higher Friday in a crypto market that is seeing a green day. Dogecoin has crossed back above the 50-day moving average, showing the coin has seen some bullish sentiment in the past few days as bulls have been able to push the price higher.
Dogecoin was up 12.03% at $0.1898 Friday afternoon at publication.
See Related: Dogecoin Cracks Below A Key Support Level And The Chart Is Doing A Downward Dog
Dogecoin Daily Chart Analysis
- Dogecoin is having a green day and looks to have possibly started an uptrend. If the crypto can continue to form higher lows, it may be able to climb toward resistance. Resistance has been formed near the $0.35 level while the crypto was just able to bounce off support at the $0.15 level.
- The crypto crossed above the 50-day moving average (green) but trades below the 200-day moving average (blue).