Dogecoin (DOGE) retreated from the critical threshold! - Coinleaks
Current Date:November 7, 2024

Dogecoin (DOGE) retreated from the critical threshold!

Dogecoin (which has been priced around minor resistance for about a month now) DOGE), is having difficulty making an upward attack.

The leader of memecoins, which was rejected at $ 0.06318 and fell to $ 0.06181 DOGE Time is running out for you. DOGE, which has been oscillating in a short price range for a long time, except for a few omissions, is currently Elon Musk and can’t find support from X either. What is the technical situation for DOGE, which failed to overcome the minor resistance and retreated again?

Dogecoin (DOGE) technical review

Memecoin, which has been accumulating for a while at $ 0.06318, eventually saw a harsh selling pressure and touched $ 0.0599. This level, which worked as an effective support in a short period of time, would show itself again. DOGE, which reacted slightly below $0.0599, reached up to $0.06181. DOGEThe resistance points that need to be broken in order for investors to maintain their bullish expectations are 0.0659 – 0.0698 – 0.0739 and 0.0789 dollars, respectively.

Situations such as the retreat of the Memecoin market, the lack of support from Elon Musk and X, or the sharp decline of BTC will naturally shake DOGE. The support levels that can be followed in such a scenario are 0.0599 – 0.0557 and 0.053 dollars, respectively. At this point, the reaction from $0.0557 will play a critical role.

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