As a seasoned analyst with over two decades of experience in the volatile world of cryptocurrencies, I’ve seen more than my fair share of rollercoaster rides. Today, we find ourselves back on one of those dips as most coins are in the red zone, according to CoinMarketCap.
Prices for many cryptocurrencies have dropped, indicating that sellers are active again, based on data from CoinMarketCap.
DOGE/USD
DOGE is one of the biggest losers today, falling by 2.54%.
On the one-hour graph, the Dogecoin price is currently challenging its nearby support level at approximately $0.09954. Should it breach this level, there’s potential for a quick dip towards the $0.098 region.
As a crypto investor, I’m keeping a close eye on the intermediate level at around $0.10 on the daily chart. Should we fail to hold this zone, it might signal a potential correction towards $0.095 by the week’s end.
On the weekly chart, the rate of DOGE is far from the main levels.
If the candle ends at its present price level, traders could observe a potential drop down to approximately $0.09.
DOGE is trading at $0.09885 at press time.
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2024-09-11 18:59