The growth of the cryptocurrency market has not lasted long, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 3.41% over the last 24 hours.
Hourly chart indication: The Dogecoin price has been decreasing since breaking through its previous support of $0.1605. If the daily closing price stays near its current value, the downward trend may persist towards the $0.15 area.
In the long term perspective, the rate has again been unable to break above the $0.16 mark. Currently, the bearish sentiment is stronger than the bullish one.
It’s likely that the price will be adjusted again to around $0.145 to $0.15 in the near future, which could hold true till the end of the week.
Based on the midterm perspective, it’s still too soon to make definitive long-term predictions due to the impending weekly candle classes, which are just a few days away. Nevertheless, should the price fall below the $0.16 mark, there’s a strong possibility of a quick dip towards the $0.14 level.
DOGE is trading at $0.1553 at press time.
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2024-04-24 19:23