Dogecoin Today’s price analysis is bearish as the result of the strong push is below the support of $ 0.065. Sales pressure remains strong, so DOGE / USD is expected to target $ 0.625 next.
The market has been trading in the red for the past 24 hours. Trading volume fell 1.36%, but Ethereum 1.5% or more. The remaining top altcoins continue to decline.
Dogecoin price movements over the last 24 hours: Dogecoin test is even more downside
DOGE / USD trades in the range of $ 0.06368 to $ 0.06769, showing moderate volatility. The volume of transactions increased by 8.24% to a total of $ 306.28 million, with a market capitalization of approximately $ 8.54 billion, and the coin is ranked 10th overall.
DOGE / USD 4-hour chart: Is DOGE targeting the next $ 0.0625?
The 4-hour chart has seen strong selling pressure over the past few hours, but there are still no clear signs of a potential reversal. Perhaps this means that DOGE / USD will fall further overnight.
But early yesterday the spikes were low. Doge began to decline rapidly and rapidly pushed towards more downsides. By the end of yesterday, it had reached a new low of $ 0.066 and has fallen further since then.
The next $ 0.065 support was achieved fairly quickly and broke without much hesitation. Therefore, Dogecoin’s price action will be even lower in the next 24 hours, targeting support for $ 0.0625.
Dogecoin Price Analysis: Conclusion
Dogecoin price analysis We’re bearish today as we saw more downsides today and broke $ 0.065 support earlier today. Therefore, we need to test more downsides until the next support of $ 0.0625.