Dogecoin (DOGE) on track to mark its sixth straight day of gains
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Dogecoin's climb has surpassed the daily SMA 200 at $0.1294, a level that has slowed DOGE's price since April. In May and July, bulls attempted to cross this critical level but were greeted with bearish resistance.As Dogecoin has surpassed $0.14, its next target price might be $0.17, followed by $0.19. On the other hand, the daily moving average of 50 at $0.108 is expected to provide significant support if profit-taking occurs.
In a recent Dogecoin foundation update, Libdogecoin SPV is currently being readied for Dogebox. SPV nodes allow applications to transact without requiring the resources of a full node. Dogebox will let online shop owners switch between Core or SPV nodes depending on their requirements.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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