As bears intensify selling, price drops to $0.0814 – Cryptopolitan

Dogecoin’s price showed a slight decrease, with bears currently in effect. The one-day price chart indicated a decline in price and indicated selling pressure building up, but the possibility exists that bulls may reverse course in the near future. The coin is still not in loss and has shown gains of 1.63% for the past week. The high level of volatility suggests a possible price rebound soon. The four-hour price chart showed a comeback by the bulls, with a price breakout increasing again. The narrowing of Bollinger bands indicated a decrease in volatility, with the higher Bollinger band moving towards $0.0818 and the lower one at $0.0792. The RSI score reached 55, suggesting a buy signal again. The price correction could last longer if selling pressure builds again.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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