The price of Dogecoin (DOGE) is in a downtrend after the altcoin fell to a low of $0.06 on May 12. The cryptocurrency lost its crucial support at $0.10 when it fell to the low of $0.06. The altcoin took an upward correction to the high of $0.09, but was pushed back. DOGE has declined and is consolidating above the $0.08 support.
Over the past week, DOGE has held relatively steady above $0.08 support. If DOGE rises again, it will rally above $0.10. The bullish momentum will likely extend to the $0.13 high. Similarly, the altcoin will regain the previous low at $0.06 if the current support is broken. DOGE/USD is fluctuating above the $0.08 support.
דאָגעקאָין גראדן לייענען
Dogecoin is at level 33 on the Relative Strength Index for period 14. Buyers are emerging in the oversold region as the cryptocurrency rallies. The 50-day line SMA and the 21-day line SMA are down, indicating the downtrend. The 21-day line SMA is the resistance line for the price. The altcoin is above the 25% area of the daily stochastic. The bullish momentum is volatile.
טעכניש ינדאַקייטערז:
הויפּט רעסיסטאַנסע לעוועלס - $ 0.18 און $ 0.16
הויפּט סופּפּאָרט לעוועלס - $ 0.12 און $ 0.10
וואָס איז דער ווייַטער ריכטונג פֿאַר דאָגעקאָין?
Dogecoin is fluctuating above the $0.08 support level after the recent retracement. Meanwhile, on May 12 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement suggests that DOGE will fall, but will reverse at the level of 1.272 Fibonacci extension or $0.06. The price action shows that the market is holding above the $0.08 support.
אָפּלייקענונג. די אַנאַליסיס און פאָרויסזאָגן זענען די פערזענלעכע מיינונגען פון דעם מחבר, און זיי זענען נישט אַ רעקאָממענדאַטיאָן צו קויפן אָדער פאַרקויפן קריפּטאָקוררענסי און זאָל ניט זיין וויוד ווי אַ ענדאָרסמאַנט פון Coin Idol. רידערז זאָל דורכפירן זייער אייגן פאָרשונג איידער ינוועסטינג געלט.
Source: https://coinidol.com/dogecoin-0-08-price/