Dogecoin (DOGE) has been under pressure recently, but a technical indicator suggests it may have found short-term support. On a 4-hour timeframe, DOGE found potential support at $0.1423. This could be a sign that buyers are stepping in and could indicate a potential bounce in the near future.
However, there's still resistance ahead for DOGE at $0.1532. If bulls can't overcome this hurdle, the recent downward trend could continue. The key question for traders is whether the support at $0.1423 will hold on shorter timeframes. A break below this level could signal further weakness for DOGE.
DYOR before step in.
However, there's still resistance ahead for DOGE at $0.1532. If bulls can't overcome this hurdle, the recent downward trend could continue. The key question for traders is whether the support at $0.1423 will hold on shorter timeframes. A break below this level could signal further weakness for DOGE.
DYOR before step in.
Note
DOGEUSD has discovered a supportive floor at $0.12 on the daily chart.As the price attempts to near and break through the resistance levels at $0.1440 to $0.1660, the potential for a continued bullish run could pave the way for DOGE to hit $0.1730 mark.
Note
Weekly timeframe
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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.