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Let’s analyze Dogecoin’s price action both technically and fundamentally 📈.
🔍Fundamental analysis:
Dogecoin faces risk if the proposal to cut issuance goes live. Miner rewards would shrink sharply, which could trigger exits and weaken network security. Short-term pressure on price looks more likely than gains. ⚠️
📊Technical analysis:
DOGEUSDT has been moving inside a descending channel for several sessions and is now testing a key support level shown on the chart 📉. A confirmed breakdown below this zone could open the way for an estimated 15% decline, with the next potential support area seen around 0.1845 ⚠️.
✨We put love into every post!
Your support inspires us 💛 Drop a comment we’d love to hear from you! Thanks, Mad Whale
Let’s analyze Dogecoin’s price action both technically and fundamentally 📈.
🔍Fundamental analysis:
Dogecoin faces risk if the proposal to cut issuance goes live. Miner rewards would shrink sharply, which could trigger exits and weaken network security. Short-term pressure on price looks more likely than gains. ⚠️
📊Technical analysis:
DOGEUSDT has been moving inside a descending channel for several sessions and is now testing a key support level shown on the chart 📉. A confirmed breakdown below this zone could open the way for an estimated 15% decline, with the next potential support area seen around 0.1845 ⚠️.✨We put love into every post!
Your support inspires us 💛 Drop a comment we’d love to hear from you! Thanks, Mad Whale
Educational plans & Free signals, all in telegram:👉t.me/madwhalechannel
Hey! If you liked my content, support me by signing up with my link. The exchange is safe & reliable, and I’ll get a small commission too. Thanks👇bit.ly/4jp4yMI
Hey! If you liked my content, support me by signing up with my link. The exchange is safe & reliable, and I’ll get a small commission too. Thanks👇bit.ly/4jp4yMI
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Educational plans & Free signals, all in telegram:👉t.me/madwhalechannel
Hey! If you liked my content, support me by signing up with my link. The exchange is safe & reliable, and I’ll get a small commission too. Thanks👇bit.ly/4jp4yMI
Hey! If you liked my content, support me by signing up with my link. The exchange is safe & reliable, and I’ll get a small commission too. Thanks👇bit.ly/4jp4yMI
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.