As a seasoned crypto investor with a few years under my belt, I’ve seen my fair share of market volatility and price swings. And today, as I look at the DOGE/USD chart, I can’t help but feel a sense of deja vu.
Sellers continue their pressure at the beginning of the weekend, according to CoinMarketCap.
DOGE/USD
DOGE has lost a lot of value today, falling by 8.21%.
In spite of the significant decrease, the trend for DOGE remains pessimistic. Currently, its price hovers around the nearby support level of $0.1475. Should a breach occur, the downward correction could carry on towards the vicinity of $0.1450 without delay.
On a larger time scale, no indications of price reversals have appeared as of yet. Should the selling from the previous day persist, investors might anticipate reaching the $0.1350-$0.14 price range in the near future.
From a mid-term perspective, sellers maintain dominance over the market. Should buyers relinquish the interim zone priced at $0.14, there is potential for a continued correction that could reach the next support level, which lies at approximately $0.1225.
DOGE is trading at $0.1474 at press time.
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2024-06-08 16:10