Dogecoin price analysis is bearish today.
DOGE/USD retraced to $0.06 earlier.
Slight selling pressure returned over the past hours.
The dogecoin price analysis is negative today because of the recent sharp loss and the overnight retest of the previous bottom at $0.059, which was quickly followed by a move higher. As a result, DOGE/USD is now likely to see more resistance below $0.06 and look to decline much more.
Over the past week, as the retracement from the $0.068 prior high began to conclude, Dogecoin price movement has gradually built c above $0.059 level. Due to this, DOGE/USD began to trend laterally, reaching a fairly small trading range at the end of September.
From there, a brief increase in price led to $0.63 resistance, where a sharp decline in price immediately followed. Since then, DOGE has progressively retreated to the $0.059 support level, where additional selling has come to an end.
The current Dogecoin price analysis is pessimistic.
DOGE/USD retraced to $0.06 earlier.
Slight selling pressure returned over the past hours.
The dogecoin price analysis is negative today because of the recent sharp loss and the overnight retest of the previous bottom at $0.059, which was quickly followed by a move higher. As a result, DOGE/USD is now likely to see more resistance below $0.06 and look to decline much more.
Over the past week, as the retracement from the $0.068 prior high began to conclude, Dogecoin price movement has gradually built c above $0.059 level. Due to this, DOGE/USD began to trend laterally, reaching a fairly small trading range at the end of September.
From there, a brief increase in price led to $0.63 resistance, where a sharp decline in price immediately followed. Since then, DOGE has progressively retreated to the $0.059 support level, where additional selling has come to an end.
The current Dogecoin price analysis is pessimistic.
