The cryptocurrency market has shown increased uncertainty in the past few days, indicating an increase in purchase and sale pressure on the cryptography market. With this, the same market has recorded the highest action with major tokens with constant volatility.
With this, investors are curious with questions like is it a good time to invest in Dogecoin? In addition, investors are concerned about another potential crypto accident this week! In this article, we discovered the feelings of the market and a possible analysis of the short -term Dogecon prices.
DOGE Same Coin holds its important support of $ 0.265!
The Dogecoin price dropped by around 1% in 24 hours with a negotiation volume of $ 2.886 billion, a variation of -53.36%. In addition, it lost 18.24% in seven days and 30.81% in 30 days. With a market capitalization of $ 39.63 billion, he obtained the 08th position on the market.
The divergence of Mobile Average Convergence (MacD) records a constant drop in the red histogram with its averages recording a similar price action within the daily time. This highlights an increase in sales pressure on purchase for the largest same on the market.
On the other hand, the SMA indicator continues to act as a resistance to the table of Dogecoin prices, suggesting that the meme piece can continue to lose value in the time to come.
Will Doge Price ever be recovered?
Maintaining the price higher than its level of support could open the way to this same to retest its immediate level of resistance of $ 0.325. In addition, if the bullish feeling argues, the price of the Dogey token could go to its level of resistance higher from $ 0.385.
On the contrary, if the Bears exceed the bulls, the price of Dogecoin could decompose its important level of support of $ 0.265. In addition, if the lowering feeling intensifies, it could lead to a dive to its crucial level of support of $ 0.20750 in the time to come.
Did you plan to invest in the largest piece of memes before the kicks of the same mania? Read our last Dogecoin price prediction Today!
Faq
Given the offer in circulation of this same and current feelings of the market, it is very unlikely that this same is reached the milestone of $ 100.
If the bullish feeling argues, this piece of meme could exceed the $ 1 brand this year.
At the time of writing the editorial staff, the value of a coin was $ 0.2,6673.