Dogecoin Präis Analyse: DOGE dréckt weider méi niddereg, $ 0.065 Ënnerstëtzung séier gebrach

Dogecoin price analysis is bearish today as we have seen a strong push lower result in a break below the $0.065 support. Since selling pressure is still strong, we expect DOGE/USD to target the $0.625 mark next.

The market has traded in the red over the last 24 hours. Trading volume has declined by 1.36 percent, while Ethereum by over 1.5 percent. The rest of the top altcoins have continued to decline.

Dogecoin Präis Bewegung an de leschten 24 Stonnen: Dogecoin Tester weider Nodeeler

DOGE/USD traded in a range of $0.06368 to $0.06769, indicating a moderate amount of volatility. Trading volume has increased by 8.24 percent, totaling $306.28 million, while the total market cap trades around $8.54 billion, ranking the coin in 10th place overall.

DOGE/USD 4-Stonne Chart: DOGE zielt $ 0.0625 nächst?

On the 4-hour chart, we can see strong selling pressure over the past hours, with no clear indication of any potential reversal just yet. Likely this means that DOGE/USD will push even lower overnight.

Dogecoin Präis action has seen a strong swing high set last week. After a brief spike to the $0.073 mark, DOGE/USD retraced and consolidated above $0.069 support and ascending trendline of support.

However, early yesterday spike lower followed. DOGE started to quickly decline and push towards a lot more downside rapidly. By the end of yesterday, a new low at $0.066 was reached and a further drop followed since then.

Next support at $0.065 was reached rather quickly and broken with not much hesitation. Therefore, we expect Dogecoin price action to decline even lower over the next 24 hours and target the $0.0625 support.

Dogecoin Präisanalyse: Conclusioun 

Präisanalyse Dogecoin is bearish today as we have seen a lot more downside and break past the $0.065 support earlier today. Therefore, more downside should be tested until the $0.0625 next support.

Wärend op Dogecoin waart fir weider ze réckelen, kuckt eis Artikelen iwwer Siacoin Portemonnaie, Pi Portemonnaie, an LTC Portemonnaie Bewäertung.