Bears have come back as the prices of most of the coins are falling, according to CoinStats.
DOGE/USD
The rate of DOGE has declined by 2.80% since yesterday.
Hourly charts indicate a downtrend for Dogecoin (DOGE) with the price approaching a potential support level at $0.1495. Should this level give way, DOGE could drop further and revisit the $0.14 support area.
Looking at the larger picture, the current rate hasn’t reached significant milestones yet. Instead, focus on the day’s closing price relative to the previous day’s low of $0.15.
If it happens below that mark, the decline may continue to the $0.135-$0.14 range.
Looking from a midterm perspective, the price has dropped since its unsuccessful effort to rise above the temporary peak of $0.16. Should this downward trend persist, traders might encounter the support level at $0.1260 by the month’s end.
DOGE is trading at $0.1504 at press time.
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2024-04-16 18:49