Dogecoin Price Analysis Today: Is DOGE Price Headed Back To $0.06?

On May 8th, the Dogecoin price witnessed a significant sell-off and printed a long red candle in the daily chart. After this bear attack, the price trend turned sideways and remained within the range of the aforementioned daily candle. With the increasing uncertainty in the crypto market, the consolidation phase was prolonged for quite a few days, but the credibility of this range remains intact and could significantly impact the near future price of DOGE.