Dogecoin price analysis: After a bullish resurgence, DOGE may challenge $0.076 again

The coin value has increased today after correcting during the previous trading session, according to the most recent Dogecoin price analysis, suggesting a strong positive trend for today.

Timeline of Dogecoin

A leading blockchain analytics firm says a majority of meme token Dogecoin (DOGE) holders are in profit while rival meme token Shiba Inu (SHIB) owners are faring a lot worse. According to IntoTheBlock, 56% of DOGE holders are profitable on their investments, 34% are sitting on losses, and 10% are breaking even.

Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday's bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%.

Major crypto exchange Bitpanda is listing Floki Inu (FLOKI) after the meme token surged more than 300% this year. The Austrian-based exchange says investors can start trading FLOKI on their platform beginning March 17th. “Less than 24 hours until we let the dogs out! Well FLOKI more specifically.

Dogecoin (CRYPTO: DOGE) co-founder Billy Markus, popularly known as Shibetoshi Nakamoto on Thursday said Mad Money CNBC host Jim Cramer is “good at his job.” What Happened: Twitter chief Elon Musk chimed in the conversation and said, “the Force is strong with inverse Cramer.

Shiba Inu (CRYPTO: SHIB) was trading flat in consolidation during Thursday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE). The consolidation, in both Shiba Inu's and Dogecoin's case was taking place in the form of an inside bar pattern.

Dogecoin and shiba inu fell by as much as 5% in today's session, as markets reacted to the European Central Bank (ECB) rate hike. The bank moved to increase rates by 50 basis points, despite the recent banking crisis.

The price of Dogecoin has gone up again in recent weeks thanks to newfound assistance from Elon Musk, the South African billionaire and CEO of companies like Tesla, SpaceX, and now Twitter.

Although the meme cryptocurrency Dogecoin (DOGE) is recording losses on multiple charts, its community still holds a bullish attitude and expects the digital asset to conclude the third month of 2023 with a significant increase to its current price.

Crypto network vulnerabilities remain at large in 2023 after a disastrous 2022. In the latest edition, a security research team revealed massive risks at Dogecoin, Litecoin, and Zcash, with developers warning of additional risks.

Dogecoin (DOGE), the cryptocurrency that powers the decentralized payments-focused Dogecoin blockchain, has slumped during Wednesday's US trading hours. The sell pressure began after DOGE failed to break above its 21-Day Moving Average (DMA) in the mid-$0.070s, and after a failed attempt on Tuesday to retest the 200DMA around $0.079. Near-term price predictions have subsequently become more bearish.