Dogecoin <\/strong>(CRYPTO: DOGE) has been on a steady downfall throughout the past few weeks and can’t\u00a0seem to find an area of support.<\/p>\n
The crypto has been spiraling downwards alongside some of the other major cryptos such as Bitcoin <\/strong>(CRYPTO: BTC)\u00a0and looks to find a base. Below is a technical analysis of the Dogecoin chart.<\/p>\n
Dogecoin was down 5.6% at $0.1999\u00a0at last check.<\/p>\n
See Also: How\u00a0To Buy And Sell DOGE<\/a><\/em><\/p>\n
Dogecoin Daily Chart Analysis<\/h3>\n\n- Dogecoin has been falling the past few weeks and will be looking to find a bounce near potential support soon.<\/li>\n
- The crypto is trading below the 50-day moving average (green), but above the 200-day moving average (blue), indicating the crypto is likely in a period of consolidation.<\/li>\n
- The 50-day moving average may act as resistance, while the 200-day moving average may hold as an area of support<\/li>\n<\/ul>\n
Key Dogecoin Levels To Watch<\/h3>\n\n- The $0.15 cent level has held as support on two separate occasions before making a bounce back higher. As Dogecoin nears this level again, it has the potential to see a bounce once again.<\/li>\n
- If Dogecoin can bounce at support, the crypto\u2019s chart doesn’t show strong resistance until the $0.45 level.<\/li>\n<\/ul>\n
What\u2019s Next For Dogecoin?<\/h3>\nBullish traders would like to see Dogecoin bounce near the $0.15 level and start to head higher. Bulls want to see the crypto make higher lows up to the $0.45 resistance before eventually breaking above.<\/p>\n
Bearish traders would like to see Dogecoin fall to the $0.15 level and break below holding this area as resistance. If Dogecoin falls below $0.15 and is unable to cross back above it, it may see a strong downward push following.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n
\u00a9 2021 Benzinga.com. Benzinga does not provide investment advice. All rights
\n reserved. <\/p>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Key Dogecoin Levels To Watch<\/h3>\n\n- The $0.15 cent level has held as support on two separate occasions before making a bounce back higher. As Dogecoin nears this level again, it has the potential to see a bounce once again.<\/li>\n
- If Dogecoin can bounce at support, the crypto\u2019s chart doesn’t show strong resistance until the $0.45 level.<\/li>\n<\/ul>\n
What\u2019s Next For Dogecoin?<\/h3>\nBullish traders would like to see Dogecoin bounce near the $0.15 level and start to head higher. Bulls want to see the crypto make higher lows up to the $0.45 resistance before eventually breaking above.<\/p>\n
Bearish traders would like to see Dogecoin fall to the $0.15 level and break below holding this area as resistance. If Dogecoin falls below $0.15 and is unable to cross back above it, it may see a strong downward push following.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n
\u00a9 2021 Benzinga.com. Benzinga does not provide investment advice. All rights
\n reserved. <\/p>\n
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
What\u2019s Next For Dogecoin?<\/h3>\nBullish traders would like to see Dogecoin bounce near the $0.15 level and start to head higher. Bulls want to see the crypto make higher lows up to the $0.45 resistance before eventually breaking above.<\/p>\n
Bearish traders would like to see Dogecoin fall to the $0.15 level and break below holding this area as resistance. If Dogecoin falls below $0.15 and is unable to cross back above it, it may see a strong downward push following.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n
\u00a9 2021 Benzinga.com. Benzinga does not provide investment advice. All rights
\n reserved. <\/p>\n
\n reserved. <\/p>\n
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"