Dogecoin Price Analysis
DOGE is trading sideways in the wake of dipping under key levels prior in the week. On Tuesday, the altcoin expanded its week's misfortunes; falling beneath the critical help zone of 0.2500.
On a three-hour chart, it is trading below the 25 and 50-day exponential moving averages. In the near term, I expect the prior support zone of 0.2500 to be a key resistance level. From this perspective, Dogecoin's price will probably trade within a range between Wednesday’s low of 0.2295 and along the 25-day EMA at 0.2434. A move below the stated lower border will likely place the support zone at 0.2200.
In the wake of hitting November's low of 0.2242, it has since bounced back to trade inside a tight scope between the range of 0.2300 and 0.2425. In the course of the last five sessions, Dogecoin's cost has dropped by 13.70%.
Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
On a three-hour chart, it is trading below the 25 and 50-day exponential moving averages. In the near term, I expect the prior support zone of 0.2500 to be a key resistance level. From this perspective, Dogecoin's price will probably trade within a range between Wednesday’s low of 0.2295 and along the 25-day EMA at 0.2434. A move below the stated lower border will likely place the support zone at 0.2200.
In the wake of hitting November's low of 0.2242, it has since bounced back to trade inside a tight scope between the range of 0.2300 and 0.2425. In the course of the last five sessions, Dogecoin's cost has dropped by 13.70%.
Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.