Dogecoin price analysis: DOGE gains further bullish dynamics at $0.0767

Dogecoin price analysis for March 23, 2023, reveals that the meme-based cryptocurrency has been experiencing an upward trend over the last 48 hours. During this period, its price increased from $0.0722 to $0.0757 on March 22, 2023.

Timeline of Dogecoin

Dogecoin Price Prediction: Amid the recent recovery in the crypto market, the Dogecoin price gave a bullish breakout from a long-coming resistance trendline. This breakout should release the build-up buying pressure and bolster buyers to resume the prevailing recovery phase, Here's how you may trade this breakout.

Dogecoin (CRYPTO: DOGE) is gaining significant bullish momentum and appears to be well-positioned for a potential flip, according to an anonymous trader. What Happened: "Crypto Tony" told his 279,000 followers that he sees $0.080 as the level for a potential flip.

As the cryptocurrency market continues to expand, more and more meme cryptocurrencies have emerged. While some investors dismiss them as mere jokes, others see the potential in these digital assets.

A mysterious Dogecoin (DOGE) whale was on the move over the weekend, relocating tens of millions of dollars worth of the leading meme crypto asset. Blockchain-monitoring service Dogecoin Whale Alert initially spotted the big DOGE transaction.

Floki (CRYPTO: FLOKI) is up 8% in the last 24 hours, beating gains clocked by the top five meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in the last 24 hours. What Happened: The surge in FLOKI's price comes as the meme coin was listed on the crypto exchange Crypto.com.

Despite the recent recovery phase in the crypto market, the major memecoins have shown limited growth in the last two weeks. However, as the external news has not shown much effect on these crypto coins, interested traders can rely on individual price behaviors to determine their potential target in the near future.

Leading blockchain analytics firm IntoTheBlock has reported that Dogecoin (CRYPTO: DOGE) holders are in profit while Shiba Inu (CRYPTO: SHIB) holders are underwater.  Fifty-six percent of Dogecoin holders are profitable from their investment, 34% are sitting on losses, and 10% are breaking even.

Although the pioneering memecoin 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.

Floki Inu is gaining more popularity as it now poses a great threat to Dogecoin (DOGE) and Shiba Inu (SHIB) after soaring by 300% in 2023 alone.  The asset's unprecedented rise has caused leading cryptocurrency exchange Bitpanda to list the memecoin to its user base of more than 3 million users.

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.