As a seasoned crypto investor with years of market fluctuations under my belt, I’ve learned to navigate the rollercoaster ride that is cryptocurrency trading. Today, it seems like most coins are taking a dip, but that’s just part of the game.
Most of the coins are facing a correction today, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 2.32% over the last 24 hours.
On an hourly basis, Dogecoin’s price has dropped following its breach of the nearby support at approximately $0.1404. If today’s candle ends beneath this value, it’s probable that the descent will persist towards around $0.1350.
On a daily basis, traders should keep an eye on the closing position of the candlestick in relation to the support level at $0.1372. If the candle closes close to or below this level, there might be enough accumulated energy for a potential test of the price range between $0.13 and $0.1350 in the near future.
Looking back from a midpoint perspective, I observed that the Dogecoin (DOGE) rate seemed to have falsely breached its previous candle’s peak at $0.1437.
If the weekly bar ends significantly below that level, it’s likely we’ll see a price adjustment towards the $0.13 range by the end of this month.
DOGE is trading at $0.1403 at press time.
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2024-10-22 19:16