- DOGE had its price hitting a cap, creating a double top around $0.35.
- Price correction happens as buyers took their profits.
- Dogecoin saw its price rallying higher as buyers came to rescue the meme coin from its lows. That way, they lifted the canine-themed crypto to create a green uphill trend-line. Moreover, Dogecoin validates the 200-day SMA as its support.
Such factors attracted buyers willing to take the altcoin's price higher. The movements happened between 5 August and 7 August.