Next week may see DOGE plummet by 30% due to price rejection
Dogecoin (DOGE) is facing a significant decline over May, with predictions suggesting losses of nearly 30%. DOGE’s bullish performance faltered this week as it was unable to reclaim a vital support element, settling for small profits. This failure puts DOGE on a trajectory to incur losses of up to 25% the following week. As of late, DOGE has slipped below substantial support that has now become resistance, potentially tanking the cryptocurrency. However, if bulls manage to break records and push the value of DOGE beyond the 200-day Simple Moving Average, this would establish a positive trend and put bullish investors in pole position. Should DOGE rally, gains of up to 20% could be seen, and the risks of a decline would be minimal.
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