Canine Currency: A Market Assessment and Forecast (April 25th) – DOGE Treads Water Following 11% Dip over 7 Days, What’s Next?
Dogecoin, the leading meme cryptocurrency, has yet to show signs of recovery after experiencing double-digit losses in the past week. Despite starting the month with a bullish run to $0.105, the coin experienced a retracement to the broken resistance line, eventually finding support at $0.08. The coin bounced back to $0.095 before experiencing a sell-off to a low of $0.0765, though it rejected the low twice and is currently hovering around $0.079. The daily volume indicator suggests that there is not much supply in the market at the moment, with sellers taking a breath. The immediate resistance level to watch for recovery is $0.085, with key resistance levels at $0.09 and $0.095. The closest support level is $0.0727, with lower support levels at $0.067 and $0.063. This information is not trading or investment advice, and research should always be done before investing in any cryptocurrency or project.
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