July 6 DOGE Price Analysis

The price of Dogecoin (DOGE) has fallen by 2.07% over the past 24 hours, with the majority of cryptocurrencies also experiencing losses. On the hourly chart, DOGE has dropped below the support level of $0.066, and if sellers continue to have control, the price could potentially drop further to the $0.064 zone. This scenario is expected to remain relevant until tomorrow. On the larger timeframe, traders should watch for the candle low from yesterday at $0.06558. If there are no significant changes, the price is likely to continue falling towards the $0.064 range. The increased selling volume confirms the strength of bears in the market. From a midterm perspective, it is still too early to make accurate predictions as the candle has not closed yet. As neither buyers nor sellers have taken control, it is more probable that DOGE will continue to trade sideways within the range of $0.062 to $0.066 until mid-July. At the time of writing, DOGE is currently valued at $0.06532.

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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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