Dogecoin Präis Analyse: DOGE weider ze recuperéieren, Ziler $ 0.175 Ënnerstëtzung nächste?

TL; DR Zerfall

• Dogecoin Präisanalyse ass haut bearish.
• DOGE/USD broke past the previous low overnight.
• Noost Ënnerstëtzung bei $ 0.175.

Dogecoin price analysis is bearish today as we expect more downside to follow over the next 24 hours. Since another lower local low was reached, DOGE/USD should move to $0.0175 resistance next.

The market has traded with mixed results over the last 24 hours. The market leader, Bitcoin, has lost 0.32 percent, while Ethereum 0.61 percent. Meanwhile, Dogecoin (DOGE) is among the worst performers, with a loss of almost 6 percent.

Dogecoin price movement in the last 24 hours: Dogecoin continues to retrace, moves below $0.18

DOGE / USD gehandelt an enger Rei vun $ 0.1799 - $ 0.1909, wat bedeitend Volatilitéit iwwer déi lescht 24 Stonnen beweist. Den Handelsvolumen ass ëm 63.72 Prozent erofgaang, am Ganzen $ 1.19 Milliarde. Mëttlerweil handelt d'total Maartkapital ëm $ 24 Milliarden, déi d'Mënz op der 14. Plaz am Ganzen rangéiert.

DOGE/USD 4-hour chart: 

Op der 4-Stonnen Diagramm, 

The Dogecoin price action has seen sharp advance earlier this week. DOGE/USD broke past previous highs until a massive spike on the 14th of January established a new major swing high at $0.215.

However, from there, DOGE saw strong rejection lower immediately. Consolidation was formed around $0.18 on the 16th of January, with a brief test of upside to $0.195.

Selling resumed yesterday, leading to even further retracement overnight. Therefore, we expect more downside today. Likely the Dogecoin price action will move to break the $0.175 next support as bears look for a much deeper retracement after a massive rally earlier.

Dogecoin Präis Analyse: Conclusioun 

Dogecoin price analysis is bearish today as we have seen more downside tested overnight. Likely, DOGE/USD will move towards the $0.175 mark next as selling pressure is still strong.

Wärend op Dogecoin waart fir weider ze goen, kuckt eis Artikelen iwwer Coinbase Vault vs Portemonnaie, Cardano Präisprognose, a Krypto Steierverloscht Ernte.