Cryptocurrency of the same major DOGECOIN (DOGE) can see its price drop in the near future. At least to such a possibility, signal the first signs of a death cross on its price table.
For those who are not familiar, a cross of death occurs when a short -term mobile average crosses a long -term mobile average. In the case of DOGE, its 23 -day mobile average and its mobile average at 200 days are about to cross.
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If the bad scenario actually enters, Doge’s price can drop to $ 0.18, where the nearest level of support is located. This would mean a drop of 26% compared to the current price for Doge.
The worst scenario, however, is that Dogecoin revisits pump levels before November at around $ 0.13 for DOGE. This would mean about a drop in prices of 40% for recent levels of recent levels and 72% of local peaks.
Now here is the torsion. There is a chance that the market has already taken into account in this death cross, and its appearance could in fact mark the substance for Mastiff. In other words, it could prove to be a trap for the Bears, with the stabilizing price or even bouncing once the crossing.
This is a delicate situation, and traders would do well to keep an eye on more than this indicator.
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For the moment, however, the atmosphere is cautious. Dogecoin is always the most entirely in practice piece of memes despite the supersaturation of this cryptography market segment, and will certainly have its fame again.
Maybe when he finally landed on the moon with the SpaceX mission?