As a seasoned crypto investor with battle-scarred fingers from the 2017 bull run and the subsequent bear market, I can’t help but feel a sense of deja vu when I see Dogecoin (DOGE) dipping again. However, it’s important to remember that every dip is an opportunity, not just for DOGE but for any cryptocurrency.
Bears have sized the initiative at the beginning of the weekend, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 1.34% over the last 24 hours.
As a crypto investor, I’ve noticed that the price of Dogecoin (DOGE) seems to have found a temporary floor at around $0.3934. With the majority of the Average True Range (ATR) having already been traversed, it appears that any significant price swings are unlikely before the end of the trading day.
On the bigger time frame, the rate of the meme coin is far from the support and resistance levels.
However, if the candle closes near its low, the decline may continue to the $0.38 zone soon.
As a crypto investor, I find it crucial to keep an eye on the weekly candle closures, specifically in relation to the $0.3650 level. Should the closure occur near this point, I believe the accumulated energy could trigger a breakout, leading us to test the $0.35 zone.
DOGE is trading at $0.3983 at press time.
Read More
- USD MXN PREDICTION
- OKB PREDICTION. OKB cryptocurrency
- VANRY PREDICTION. VANRY cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- RSR PREDICTION. RSR cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- ZIG PREDICTION. ZIG cryptocurrency
- NTRN PREDICTION. NTRN cryptocurrency
- EUR CAD PREDICTION
- POL PREDICTION. POL cryptocurrency
2024-12-14 17:27