Will DOGE Price Crash To $0.050?DOGE price finds a significant support is found at the $0.060 level.
Recent sideways movement has resulted in multiple Doji candles in the 1-week chart.
Price action shows a long tail reversal in the falling wedge pattern.
Despite a $0.064 rally, the DOGE price couldn't break the 200 EMA in the 4-H chart, leading to a double top reversal.
Current trading is at $0.0639 with support from the 50 EMA in the 4-H chart.
MACD and RSI indicators are positive, suggesting a potential breakout.
A breakout above $0.064 could lead to a recovery to the $0.070 mark, a 9% increase.
A fall to $0.060 might lead to a more severe downtrend towards $0.050.