Analyzing the DOGE Price on April 24th
Dogecoin’s rate has fallen by almost 1% in the last 24 hours, with bears currently dominating the market. On the hourly chart, DOGE’s rate is moving towards support at $0.07826, with traders potentially seeing a further decline to the $0.078 mark if the situation doesn’t change by the end of the day. On the daily time frame, neither sellers nor buyers are dominating, but if the bar closes below the $0.078 mark, the decline could lead to a test of the support level at $0.076. Looking ahead, if the weekly bar closes below the important mark of $0.08, it could signal a test of the $0.07 zone shortly. However, it is too early to make any predictions from a midterm perspective as the rate is trading in the middle of a wide channel. It’s important to remember that every investment and trading decision comes with risk, so investors should perform their own research before making any decisions and only invest money they can afford to lose.
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