DOGE/USD Retrace Downwards by 100%
Following the recent price surge, in the Dogecoin market, the news that Elon Musk has paused work on Twitter triggered downward pressure. Consequently, this has caused this cryptocurrency’s price to correct downwards by a whopping 100%. At this point, DOGE/USD currently trades barely above the $0.0840 price level.
Dogecoin’s Forecast Statistics Data:
Dogecoin price: is $0.0849
DOGE market capitalization: $11.29 billion
DOGE circulating supply: 132.67 billion
Dogecoin overall supply: 132.67 billion
Dogecoin’s Coinmarketcap ranking: #9
Major Price Marks:
Ceiling: $0.0849, $0.0869, $0.0889
Floor: $0.3800, $0.3780, $0.3760
Dogecoin Price Prediction Today, November 17, 2022: DOGE/USD Maintains $0.0840 Support
Currently, the DOGE/USD price action continues to respect the $0.0840 support. This can be observed as price activities keep moving sideways above this support. Nevertheless, the ongoing session appears to consist of more selling than buying. Consequently, if this trend continues price may eventually break down the above support. Also, the MACD keeps moving downwards to the 0.00 mark, to portray a significant fall in upward price momentum. Going by market signs price action in this market may at least consolidate above the $0.0840 price level.
Dogecoin Price Prediction Today, November 17, 2022: DOGE/BTC Price Is Sliding to Lower Support
Now on the DOGE/BTC market, price action seems to resume its downward path. This is happening after price action in this market found support at the 50 Fibonacci retracement level. Presently, the 9 and 21-day MA has engulfed recent price candles, and this seems to portray indecision. However, the curves of the MACD stay above the 0.00 level. Nevertheless, the lines of this indicator are still maintaining their downward direction. Therefore, traders in this market may witness the price falling to the 0.00000429 price level.
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