Dogecoin Price Analysis — December 15

Before yesterday, DOGE maintained a bearish pattern as it traded along my bearish tripwire since its $0.3400 peak in late October. Yesterday’s Musk-induced volatility helped the meme coin break away from the bearish pattern and hit the 0.2200 top. However, DOGE could not maintain this rally considering the FUD presence in the market and dropped to the $0.1800 support, where it currently trades. Barring the intense uncertainty in the market, we could see a bullish pullback towards the $0.2000 mark in the near term.

Meanwhile, my resistance levels are $0.1900, $0.2000, and $0.2100, and my support levels are $0.1720, $0.1650, and $0.1600.

Total Market Capitalization: $2.21 trillion

Dogecoin Market Capitalization: $24 billion

Dogecoin Dominance: 1.08%

Market Rank: #10