DOGECOIN had a range trend over the past week. Price hits the intended resistance support levels, each with a reaction. Considering the strength of the previous bullish candles during the past weeks, if there are good signs of support in the current area, i.e., the range of $0.0900-0.0960, we can expect the price to grow and break the resistance of $0.100-0.110.
At the time of writing this analysis, these signs have not yet been seen on the price chart and the RSI indicator in the 4-hour timeframe. Therefore, there is a possibility of more price penetration at this support level. If selling pressure breaks this support, Dogecoin's decline could continue to the $0.080 range. The second support is a stronger range; we expect a better reaction from this area to retest the resistance levels.
At the time of writing this analysis, these signs have not yet been seen on the price chart and the RSI indicator in the 4-hour timeframe. Therefore, there is a possibility of more price penetration at this support level. If selling pressure breaks this support, Dogecoin's decline could continue to the $0.080 range. The second support is a stronger range; we expect a better reaction from this area to retest the resistance levels.
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