In the middle of the collapse of the world market, several pieces even have not yet found solid ground after losing a monthly loss on average of 10%. Doge A look weak on the daily graphic because it relies for another dip.
While few pieces of memes gain ground today, Dogecoin continued to attend a backhand in its long -term bullish movement following a constant loss during last week. Losing grip above $ 0.4 last month, it stretched out and is now about to drop hard.
Notwithstanding, there is still hope for a positive decision if the Bulls defend the important level of 0.3 well. This level acts as support for a few weeks, and as we can see, it can also lose adhesion in the middle of the rise.
Ventilation at this level could trigger a new short -term sales phase. Although the market is displayed for another reduction, it is important to note that the DOGE structure remains optimistic at the macro level. An increase above the previous summit should bring relief in the sale.
When such a scenario comes into play is still unknown because the volume level seems low for the moment. But looking at the configuration from a technical point of view, we can expect more blood bath to be expected in the short term. The key level to monitor for such a deposit would be $ 0.2.
The key level of Doge to monitor
Source: Tradingview
Now that Doge is gradually losing momentum, the level of $ 0.3 remains a key level for a breakdown. If this happens, the lower support levels to monitor the drops are $ 0.263 and $ 0.22, followed by $ 0.18.
There is currently no signs of bull on the market. However, if they arise again, the immediate level to monitor a rebound is $ 0.4. The higher resistance level for a test is $ 0.48 with a potential break at $ 0.6.
Key resistance levels: $ 0.4, $ 0.48, $ 0.6
Key support levels: $ 0.263, $ 0.22, $ 0.18
- Cash price: $ 0.32
- Trend: lowering
- Volatility:
Disclosure: they are not negotiation or investment advice. Always do your research before buying a cryptocurrency or investing in services.
Follow us on Twitter @nulltxnews To stay up to date with the last crypto, NFT, AI, cybersecurity, distributed IT and Metaversse News!