A week or two ago I made an analysis on DOGE and the future moves of this coin. In this analysis I noted that it was highly likely for DOGE to follow the bearish triangle and see more bearish price action.
Currently, DOGE is residing in the red major support area. Previously I noted that I was expecting a reversal here. A minor pump has occurred last night, but it seems that DOGE is not able to breach through the blue resistance with BTC being very weak at the moment. I'm expecting a further drop towards the $0.16 area, potentially even lower if BTC decides to move below $28k.
Happy trading!
Currently, DOGE is residing in the red major support area. Previously I noted that I was expecting a reversal here. A minor pump has occurred last night, but it seems that DOGE is not able to breach through the blue resistance with BTC being very weak at the moment. I'm expecting a further drop towards the $0.16 area, potentially even lower if BTC decides to move below $28k.
Happy trading!
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