- Dogecoin reversed from the resistance area
- Likely to fall to support level 0.2400
Dogecoin cryptocurrency recently reversed from the resistance area between the resistance levels 0.2750 (former monthly high from July), 0.3000 and the upper daily Bollinger Band.
This resistance area was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the previous sharp downward impulse from January.
Given the predominantly bearish sentiment across the crypto markets today, Dogecoin cryptocurrency can be expected to fall to the next support level 0.2400.
- Likely to fall to support level 0.2400
Dogecoin cryptocurrency recently reversed from the resistance area between the resistance levels 0.2750 (former monthly high from July), 0.3000 and the upper daily Bollinger Band.
This resistance area was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the previous sharp downward impulse from January.
Given the predominantly bearish sentiment across the crypto markets today, Dogecoin cryptocurrency can be expected to fall to the next support level 0.2400.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.