Dogecoin (DOGE) has been under pressure recently, but a technical indicator suggests it may have found short-term support. On a 4-hour timeframe, DOGE found potential support at $0.1423. This could be a sign that buyers are stepping in and could indicate a potential bounce in the near future.
However, there's still resistance ahead for DOGE at $0.1532. If bulls can't overcome this hurdle, the recent downward trend could continue. The key question for traders is whether the support at $0.1423 will hold on shorter timeframes. A break below this level could signal further weakness for DOGE.
DYOR before step in.
However, there's still resistance ahead for DOGE at $0.1532. If bulls can't overcome this hurdle, the recent downward trend could continue. The key question for traders is whether the support at $0.1423 will hold on shorter timeframes. A break below this level could signal further weakness for DOGE.
DYOR before step in.
Commentaire:
Weekly timeframe
As the price attempts to near and break through the resistance levels at $0.1440 to $0.1660, the potential for a continued bullish run could pave the way for DOGE to hit $0.1730 mark.