Dogecoin (DOGE): Potential for Further Decline or Rebound
🔥 Potential Price Targets:
🩸 Near-term Goal: $0.3463 (1–2 months)
🩸 Long-term Goal: $0.2418 (3–5 months)
🔥 Dogecoin's Strategy:
🩸 Short: Below $0.3463, targeting $0.2418. Weakening momentum and potential breakdown could push the price lower.
🩸 Long: Above $0.3463, targeting $0.3800 and $0.3959. A bullish reversal is needed for sustained upward movement.
🔥 Dogecoin's Commands:
🩸 Resistance: $0.3959 — Key resistance level to watch; bulls must break above this to target $0.40 and beyond.
🩸 Support: $0.2418 — A crucial level for buyers to defend; breaking below this could lead to a deeper decline.
With the current MACD showing weakening momentum and price facing resistance near $0.3959, a further drop to $0.2418 is possible. However, a break above $0.3463 could signal a recovery toward higher targets.
👑 "In the world of crypto, the battle is between patience and precision. Choose your moment wisely." — FinCaesar
🩸 Near-term Goal: $0.3463 (1–2 months)
🩸 Long-term Goal: $0.2418 (3–5 months)
🔥 Dogecoin's Strategy:
🩸 Short: Below $0.3463, targeting $0.2418. Weakening momentum and potential breakdown could push the price lower.
🩸 Long: Above $0.3463, targeting $0.3800 and $0.3959. A bullish reversal is needed for sustained upward movement.
🔥 Dogecoin's Commands:
🩸 Resistance: $0.3959 — Key resistance level to watch; bulls must break above this to target $0.40 and beyond.
🩸 Support: $0.2418 — A crucial level for buyers to defend; breaking below this could lead to a deeper decline.
With the current MACD showing weakening momentum and price facing resistance near $0.3959, a further drop to $0.2418 is possible. However, a break above $0.3463 could signal a recovery toward higher targets.
👑 "In the world of crypto, the battle is between patience and precision. Choose your moment wisely." — FinCaesar
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.
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.