As a seasoned crypto investor with a decade of market experience under my belt, I’ve learned to weather the storms and embrace the volatility that comes with this exciting yet unpredictable world. Today, as I look at the red zone on CoinMarketCap, I can’t help but feel a familiar twinge of both excitement and apprehension.
Most of the coins are coming back to the red zone, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 0.71% over the last 24 hours.
On the hourly chart, the price of DOGE remains under sellers’ pressure.
If the day’s closing price for the bar is close to the local support level of $0.1374, it may indicate a continuation of the downward trend towards approximately $0.1350 tomorrow.
On a daily basis, bears seem to hold stronger influence over bulls. If buyers don’t take control soon, there might be a potential for a breakdown in support, leading to a quick test of the 0.13 area.
Looking at the mid-term perspective, traders should keep an eye on the closing of the weekly candles regarding the $0.1470 mark. If the closure occurs significantly away from this level, it might signal a potential correction towards the $0.1250-$0.13 range.
DOGE is trading at $0.1392 at press time.
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2024-10-25 17:16