- Dogecoin’s price extends its drop on Monday after falling 8.55% last week.
- Long-standing ratio in short-circuit for Doge’s readings below one, indicating that more traders bet for a correction.
- Technical perspectives project a correction to the level of $ 0.20.
DOGECOIN (DOGE) prolongs its decline, negotiating about $ 0.23 Monday after falling 8.55% last week. The longtime ratio of Coringlass for Doge Reads less than one prospects projects a decline to the level of $ 0.20.
Dogecoin Bears aimed at $ 0.20
The Dogecoin price was faced with a rejection around its price level of prices of 50% (from a minimum of August 14 of $ 0.05 at a level of December 2 of $ 0.48) to 0, $ 27 last week and decreased by 8.55%. At the time of the editorial staff of the Monday editorial staff, he continues to negotiate by 4.6%, or about $ 0.23.
If Doge continues its correction, it could prolong the drop in testing its lower February 3 of $ 0.20.
The relative resistance index (RSI) on the daily graph is read 32, below its neutral level of 50 and approaching its level of occurrence of 30, indicating a strong lower momentum.
DOGE / USDT daily graphics
Another lowering sign is the longtime report of Coiglass, which reads 0.87 and continues to fall. This ratio lower than one reflects the lowering feeling in the markets, because more and more traders are betting on the price of assets to be dropped.
DOGE Table of long -standing reports. Source: Coringlass