Dogecoin Rebounds above $0.05 but Faces Rejection at $0.07

The price of Dogecoin (DOGE) has broken the 21-day line SMA, signalling the resumption of an upward movement. Dogecoin will come out of the downward correction if buyers push the altcoin above the 50-day line SMA. In the same way, the cryptocurrency will rise to reach the previous highs.