Key Level to Determine the Potential 24% Rise or 10% Fall of Dogecoin Price
Dogecoin’s price has been fluctuating over the past month but breached a resistance trendline on April 3, indicating a potential trend reversal. While the cryptocurrency has experienced a 16.7% loss since last week’s high due to the recent sell-off in the crypto market, it found support at a trendline and could potentially reach $0.1 if it breaks out above $0.084. However, a breakdown below the trendline could lead to a longer correction. Technical indicators suggest aggressive selling pressure in the market and multiple resistance points for buyers. The 24-hour trading volume for Dogecoin is around $1.16 billion, indicating a 46% gain. Investors should do their market research before investing in cryptocurrencies. The author or publication of the content does not hold responsibility for personal financial loss.
About The Author
