Where is DOGECOIN (DOGE) headed?
Doge coin saw a ferocious rally post April 14th,2021 where in it increased an astonishing 685% within 20 days.
Since then it has been falling. If we look at the charts here, we can say. Doge Coin is getting more weaker.
Also Refer to my Bitcoin article where I was able to catch the fall from $65,000 to $48,000.
Let’s get back to Dogecoin now. Let’s understand why I am saying that it is getting weaker.
Dogecoin has finally come to its support of 0.1594–0.1597. The same support zone from which it has bounced 3 times already.
In Technical Analysis however when we see such continuous bounces from one particular support we say that the support is getting weak. It also is trading below 200MA (Blue line).
So same is the case with Dogecoin, we might see 0.0875 soon. The level from which Dogecoin had given a breakout. This level would be the ultimate support for Dogecoin.
An applaud would to the post would really help. Thanks!