Crypto:
32778
Bitcoin:
$102.152
% 2.44
BTC Dominance:
%55.2
% 0.30
Market Cap:
$3.64 T
% 1.06
Fear & Greed:
76 / 100
Bitcoin:
$ 102.152
BTC Dominance:
% 55.2
Market Cap:
$3.64 T

DOGE Coin Price Analysis: Dogecoin on the Rise!

Dogecoin

Dogecoin (DOGE) has pulled back to its support level, following Bitcoin’s recent decline. So, what can we expect moving forward?

Dogecoin (DOGE) Price Analysis

Doge

Dogecoin has rebounded from its support level and is currently continuing its upward movement. The critical level to watch here is $0.40. If the price breaks above this level, the rally could extend to $0.48, a significant target due to the 50-day SMA aligning with this price zone.

However, Dogecoin is currently closing below the 50-day SMA. If the price fails to surpass the $0.40 level, this move may only represent a re-test of the SMA, potentially leading to a decline toward the $0.30 support level.

In summary, the $0.40 range is a key threshold. A close above this level could indicate that recent declines were merely manipulative, paving the way for a new higher high (HH). Conversely, if the price reverses and falls again, Dogecoin could establish a new lower low (LL) at around $0.30.


You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

 

Rate this post
READ:  Bitwise Files for 10 Crypto Index Fund ETF with the SEC

Leave a Reply

Your email address will not be published. Required fields are marked *