Something went wrong while loading Watchlist. In 2022, Dogecoin began bearishly. The bulls were struggling to sustain a breakout above the $0.20 level during that time. In the Dogecoin technical analysis In the current 4-hour chart, we can see that the cryptocurrency is trading above the 50-day MA but slightly below the 100-day MA. The coin price broke out of its upper Bollinger band, and there was resistance at $0.135. Until it breaks the resistance, it may retrace down to the support at $0.126 in the next few days. Doge is still trading in the green zone, and it has been up by 0.61% in the last 24 hours. What is RBI's Digital Rupee and how can you use it: all your questions answered It was going well how to invest in cryptocurrency until it all came tumbling down. As investors realised that the surge was just too much to hold its value for long, they retracted their money, bringing down around $45 billion of the market cap out of $50 billion within a couple of days. After all, what else would you expect of a digital currency that came into existence as a joke?