DOGE Price Prediction for December 14
12/14/2024 21:20
Can traders expect bounce back from DOGE soon?
Original U.Today article
Can traders expect bounce back from DOGE soon?
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bears have sized the initiative at the beginning of the weekend, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 1.34% over the last 24 hours.
The price of DOGE might have set a local support level of $0.3934. As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day.
On the bigger time frame, the rate of the meme coin is far from the support and resistance levels.
Related
However, if the candle closes near its low, the decline may continue to the $0.38 zone soon.
From the midterm point of view, one should pay attention to the weekly candle closure in terms of the $0.3650 level. If it happens near it, the accumulated energy might be enough for a breakout, followed by a test of the $0.35 zone.
DOGE is trading at $0.3983 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
Related articles
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox