Cryptocurrency

Bitcoin

Dogecoin

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/dogecoin-doge-prices-usd" title="Dogecoin" class="f-link" rel="noopener noreferrer nofollow">Dogecoin</a> price closed below $0.150, signaling a short-term bearish trend in line with Bitcoin and Ethereum.</li>
 <li>#Dogecoin faced losses, dropping below $0.1350 against the US Dollar and is now testing a critical support level at $0.1200.</li>
 <li>Despite a slight rebound above $0.1250, progress was hindered by resistance at $0.130.</li>
 <li>Historical data shows Dogecoin breaking out from descending triangle patterns in 2017 and 2021, with retracements of 40% and 56%, respectively.</li>
 <li>In 2024, $DOGE experienced a 47% correction after breaking out from a descending triangle, resembling past cycles.</li>
 <li>There's speculation that Dogecoin could potentially approach $1.00 in the future if historical trends repeat.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar Price Analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar&nbsp;Price Analysis</a>, Failure to breach $0.1350 resistance may trigger further decline. Initial supports: $0.1220, then $0.120 and $0.1040.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.17000-$0.23000
SUPPORT LEVEL : $0.09000-$0.05000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Dogecoin Price Prediction: Is DOGE History Poised to Repeat?

Coingabbar

Ďalšie články zverejnené 2. 5. 2024

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