Dogecoin Price analysis is bearish today as it is expected to fall further after failing to rise. Perhaps DOGE / USD will return to support for $$ 0.065 and will test further declines later in the week.
The market has been trading slightly bullish in the last 24 hours. Leader Bitcoin lost 0.02%, Ethereum It rose by only 0.97 percent. Meanwhile, the rest of the top altcoins followed nearby.
Dogecoin price movements over the last 24 hours: Can Dogecoin continue to rise?
DOGE / USD is trading in the range of $ 0.06645 to $ 0.06894, indicating moderate volatility over the last 24 hours. Trading volumes have increased by 4.35% to a total of $ 408.5 billion, with a market capitalization of approximately $ 9 billion, and the coin is ranked 10th overall.
DOGE / USD 4-hour chart: Does DOGE appear to continue to fall?
The 4-hour chart shows that the upside was rejected again in the last hour. This indicates that the downside will continue overnight. Perhaps DOGE / USD will be below $ 0.065, going further back in the second half of the week.
Dogecoin price Action continues retroactively earlier this week as the new high was set at the $ 0.07 mark. From there, quick retraces with higher local highs followed support for $ 0.066.
Therefore, the one-week retracement will continue.But now Try to move further up I failed with a strong rejection. This indicates that it is due to a further downside.
This means that the Dogecoin price action is ready to further retest the downside. DOGE / USD may return to its previous lows and try further break-even points.
The important thing is to monitor how the price reacts in the next 24 hours. If higher local lows are set again, they could rise further later this week. Alternatively, the market will collapse even lower.
Dogecoin Price Analysis: Conclusion
Dogecoin’s price analysis is bearish today as it could not reach further upwards after further integration. As the bulls have run out again, the ETH / USD pair may reverse and move further down in the coming days.