Will this be the demise of the Dogecoin price rally?
Dogecoin price rally has stopped in the past three days and is trading at zero point to eight one zero dollars. The currency has rallied by more than 4000 percent this year and became one of the best performing digital currencies in the world. While the dogecoin cryptocurrency seems overvalued, we are in a period of irrational exuberance.
This means that the dogecoin price may resume the upward trend. The outlook for the dogecoin price is neutral. A steeper downward trend will be confirmed if the price moves below the 50 percent Fibonacci retracement level at 25 cents. If this happens, the currency will likely fall below twenty cents.
However, a move above the twenty three point six percent Retracement will open the possibility of the price rising above its all time high. The easiest and safest way to buy any cryptocurrency, regardless of any country you reside, is to buy from Binance or Binance platform. Use the link in the description of this video to buy and start trading cryptocurrency.
The easiest and safest way to buy any cryptocurrency, regardless of any country you reside, is to buy from Binance or Coinbase platform. There are other places where you can buy cryptocurrency, but both platforms are the best and cheapest.