Dogecoin

Waves

Test

<p><a rel="noopener noreferrer nofollow" href="https://med.etoro.com/B10215_A127826_TClick_Sdogecoin.aspx?TargetURL=https://www.etoro.com/markets/doge">Dogecoin</a> is facing another test near $0.075 as traders assess recent losses against a possible reversal pattern on its daily chart. The cryptocurrency remains under pressure, with buyers needing to reclaim nearby resistance levels before a sustained recovery can develop.</p>
<h2 id="the-bullish-formation-is-composed-of-three-falling-waves">The Bullish Formation Is Composed of Three Falling Waves</h2>
<p>Tardigrade Trader presented a daily chart of Dogecoin on October 29 showing three falling waves in the cryptocurrency. This formation could be the Three Drives Pattern that usually occurs at the end of a downtrend; however, this pattern alone is not enough to indicate that a bottom was made.</p>
<p>The first falling wave took place on October 17, when <a rel="noopener noreferrer nofollow" href="https://med.etoro.com/B10215_A127826_TClick_Sdogecoin.aspx?TargetURL=https://www.etoro.com/markets/doge">DOGE</a> fell toward $0.076. Afterwards, bulls pushed the price up to approximately $0.085, dividing the first falling wave from the second one.</p>
<p>The second falling wave emerged on October 25, falling to $0.0735. The price rose to approximately $0.082 but could not continue higher because sellers took control.</p>
<p>The third falling wave started to form on October 31. The lowest point of the falling wave is marked by the chart at approximately $0.0715. A green projection indicates the possibility of rising to $0.085, although buyers would have to overcome several levels of resistance to do so.</p>
<h2 id="exchange-activity-is-not-homogeneous-across-platforms">Exchange Activity Is Not Homogeneous Across Platforms</h2>
<p>The provided 24-hour exchange graph reflects diversity in activity across trading platforms. On the left graph, <a rel="noopener noreferrer nofollow" href="https://www.okx.com/join/5359187">OKX</a> stands out with the largest volume of $42.10 million, with <a rel="noopener noreferrer nofollow" href="https://www.binance.com/register?ref=TT5IWFGB">Binance</a> close behind at $27.89 million and <a rel="noopener noreferrer nofollow" href="https://www.gate.io/signup/12597436">Gate</a> at $23.78 million. The activity of <a rel="noopener noreferrer nofollow" href="https://partner.bitget.com/bg/cryptobreaking">Bitget</a> stands at $9.70 million, followed by <a rel="noopener noreferrer nofollow" href="https://med.etoro.com/B10215_A127826_TClick_Scb-coinbase.aspx?TargetURL=https://www.etoro.com/markets/coin">Coinbase</a> at $7.91 million and Upbit at $7.06 million.</p>
<h2 id="next-test-for-dogecoin-hinges-on-key-price-levels">Next Test for Dogecoin Hinges on Key Price Levels</h2>
<p>Current market data reveals that the price of <a rel="noopener noreferrer nofollow" href="https://med.etoro.com/B10215_A127826_TClick_Sdogecoin.aspx?TargetURL=https://www.etoro.com/markets/doge">Dogecoin</a> stands at $0.07484, reflecting a drop of 0.56% in 24 hours and 3.51% over seven days. The daily volume currently amounts to $507.64 million, with <a rel="noopener noreferrer nofollow" href="https://med.etoro.com/B10215_A127826_TClick_Sdogecoin.aspx?TargetURL=https://www.etoro.com/markets/doge">DOGE</a> below the $0.075 key level.</p>
<p>An earlier report showed a recovery to $0.07585 from the low of $0.07231 on October 29, reflecting a rise of 4.90%. The current price has since declined below $0.075.</p>
<p>If a breakout above $0.075 happens, the next resistance level will be at $0.07682. Above that is the seven-day high at $0.08147. A breakout and subsequent rise may reinforce the bullish setup and make the $0.085 target more attainable.</p>
<p>The cryptocurrency liquidations over 24 hours, as revealed in an October 31 market update, amounted to $1.68 billion. Out of that amount, $1.43 billion came from long positions. Leverage traders were forced to close positions amid the overall market decline.</p>
<p>On the lower side, $0.07231 is the first support level to watch, followed by $0.0695. A fall below the October 29 low would weaken the three-swing bullish setup. The question now is whether buyers will defend $0.075.</p>
<p>This article was originally published as <a href="https://www.cryptobreaking.com/dogecoin-tests-0-075-support/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Dogecoin Tests $0.075 Support as Buyers Seek a Rebound Toward $0.085</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.</p>

Dogecoin Tests $0.075 Support as Buyers Seek a Rebound Toward $0.085

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