Dogecoin price coils up for a 10% move north with bullish on-chain metrics to show for it

Dogecoin (DOGE) price has been on an uptrend over the past few weeks, rallying north beginning October 18, when the broader market pivoted, around the $0.05694 support floor. After a strong pump north, profit bookers took charge and now the bulls are trying to reclaim all that ground lost. Dogecoin (DOGE) price faced obstruction from selling pressure due to the supply barrier extending from $0.07677 to $0.08039. In a highly bullish case, the gains could stretch for Dogecoin price to clear the $0.08500 level before extending higher to test the $0.09000 psychological level. Technical indicators as well as on-chain metrics support the bullish thesis.

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