Analyze Dogecoin (DOGE)
Unlike Bitcoin and Ethereum, Dogecoin failed to break the resistance level of $0.2550, leading to a new round of price decline, breaking below $0.2420 and $0.2400. Bears even pushed the price below $0.2200, with the low forming at $0.2157. The current price is consolidating its downward trend.
Currently, the price of Dogecoin is showing a bullish trend line on the DOGE/USD hourly chart, with support at $0.2230.
The upward pressure level is around $0.2300, the main pressure level is at $0.2350, and the next key pressure level is at $0.2428. If the closing price breaks above $0.2428, it may drive the price up to $0.2550, with further increases potentially testing $0.2640, or even $0.280.
Downward risk: If Dogecoin fails to break above $0.2350, it may decline again. Initial support is at $0.2200 and near the trend line, with the next major support level at $0.2150. If it breaks below $0.2150, the price may further drop to $0.2000, or even $0.1840.
#DOGE
Unlike Bitcoin and Ethereum, Dogecoin failed to break the resistance level of $0.2550, leading to a new round of price decline, breaking below $0.2420 and $0.2400. Bears even pushed the price below $0.2200, with the low forming at $0.2157. The current price is consolidating its downward trend.
Currently, the price of Dogecoin is showing a bullish trend line on the DOGE/USD hourly chart, with support at $0.2230.
The upward pressure level is around $0.2300, the main pressure level is at $0.2350, and the next key pressure level is at $0.2428. If the closing price breaks above $0.2428, it may drive the price up to $0.2550, with further increases potentially testing $0.2640, or even $0.280.
Downward risk: If Dogecoin fails to break above $0.2350, it may decline again. Initial support is at $0.2200 and near the trend line, with the next major support level at $0.2150. If it breaks below $0.2150, the price may further drop to $0.2000, or even $0.1840.
#DOGE
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DOGE
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