2024

Dogecoin

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   Jan 06, 2024 at 14:22 // Price 
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span> 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/fd6/900_900_1/zr0g7k4ckdd462vy01xkwn3zyiqs7d4l.jpg" width="900" height="563" alt="" title=""> 
 <p><strong>The price of Dogecoin (DOGE) fell to a mandatory minimum before rising again. The cryptocurrency tested the 1.618 Fibonacci extension to reach the low of $0.073.</strong></p> 
 <h2 style="text-align: justify;" id="long-term-forecast-for-the-dogecoin-price-bearish">Long-term forecast for the Dogecoin price: bearish</h2> 
 <p style="text-align: justify;"> DOGE recovered but remained stuck at the resistance level of $0.085. The upside correction could extend to the high of $0.095 or higher if the initial resistance had been broken. The coin is currently losing value as it was rejected at its previous high. DOGE is currently trading at $0.081. If the bearish momentum continues, the market will drop to a low of $0.070. </p> 
 <h2 style="text-align: justify;" id="dogecoin-indicator-reading">Dogecoin indicator reading</h2> 
 <p style="text-align: justify;"> DOGE will continue to fall as long as the price bars are below the moving average lines. The altcoin is about to fall to $0.070. The downward sloping moving average lines indicate the downtrend. Doji candlesticks, which limit the price movement, dominate the price action in cryptocurrencies. </p> 
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3> 
 <p style="text-align: justify;"> <b>Key resistance levels – $0.12 and $0.14</b> </p> 
 <p style="text-align: justify;"> <b>Key support levels – $0.06 and $0.04</b> </p> 
 <p style="text-align: justify;"> <b><img width="1024" alt="DOGEUSD_ (Daily Chart) –Jan.06.jpg" src="https://cdn.thebittimes.com/images/2024/01/07/d5471181c153e17ae85aefe18cf48d26.webp" height="491" title="DOGEUSD_ (Daily Chart) –Jan.06, 2024"><br> </b> </p> 
 <h2 style="text-align: justify;" id="what-s-next-for-dogecoin">What's next for Dogecoin?</h2> 
 <p style="text-align: justify;"> After its last decline on January 3, Dogecoin is still bearish. The cryptocurrency has stabilized above the support level of $0.082 since January 3. Today, as the cryptocurrency resumes selling pressure, the bears have undercut the existing support. DODE is expected to hit a low of $0.070 if the negative momentum continues.<br> </p> 
 <p style="text-align: justify;"> <img width="1024" alt="DOGEUSD_ (4-Hour Chart) –Jan.06.jpg" src="https://cdn.thebittimes.com/images/2024/01/07/1c6947db348afbf27df80ebb2b9d838b.webp" height="491" title="DOGEUSD_ (4-Hour Chart) –Jan.06, 2024"><br> </p> 
 <p> According to the previous report by Coinidol.com, DOGE could fall to the Fibonacci extension of $1.618 or the low of $0.075.&nbsp; </p> 
 <p style="text-align: justify;"> <i><span style="color: #959595;">Disclaimer. This <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do the research before investing in funds.</span></i> </p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/dogecoin-loses-value-at-0-084-due-to-further-rejection-tbt75797.html">https://thebittimes.com/dogecoin-loses-value-at-0-084-due-to-further-rejection-tbt75797.html</a></p>

Dogecoin Loses Value At $0.084 Due To Further Rejection

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