Dogecoin (DOGE) price shows a bearish pattern on both hourly and longer time frames. The current price is near the local support of $0.3139 and a further correction to $0.31 area is expected.On the longer time frame, the price is falling after a false breakout of the resistance of $0.3405. The potential drop to $0.30 range is possible.Midterm analysis indicates that the rate is far from the main levels and volume has decreased, suggesting limited price fluctuations in the near future.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On the hourly chart, the rate of DOGE keeps looking bearish as the price remains near the local support of $0.3139. If the situation does not change by the end of the day, one can expect a level breakout, followed by a further correction to the $0.31 area.On the longer time frame, the price of the meme coin keeps falling after a false breakout of the resistance of $0.3405. If the candle closes near its low, there is a chance to see an ongoing drop to the $0.30 range.From the midterm point of view, the rate is far from main levels. In addition, the volume has dropped, which means traders are unlikely to see sharp ups and downs soon.With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins. Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
DOGE Dogecoin Cryptocurrency Price Prediction Technical Analysis
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