Dogecoin Price Analysis and Expert Comments: DOGE Can Create Buying Opportunities at These Levels

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The most popular joke about crypto currency Dogecoin it is trading 70% below its peak level. The indecision in the market seems to have driven the DOGE into free fall for about three weeks. However, if historical movements repeat themselves, the end of the downward trend appears.

Critical Levels of the Dogecoin Price

The price of Dogecoin has undergone a significant period of decline over the past 3 weeks. Following the general market trend THE DOGE, has not yet given a notable signal for the upward trend. THE DOGEit seems likely that the ‘will register another correction of 15 and revisit the 0.196 dollar level.

Although the short-term outlook is bearish, market participants Dogecoin he can expect his price to rise with a reaction at $ 0.196. At the levels seen on August 4 and September 28, the DOGE had retested the barriers and performed a 70% increase performance for two to four weeks. In this context Dogecointhe withdrawal of the $0.196 support level may lead to evaluations as a buying opportunity.

Levels That Are Potentially Expected to Be Recorded

That being said THE DOGE if its price successfully tests the 0.196 dollar and triggers a rise, increases up to the 0.311 dollar can be seen. A significant increase in sales pressure may cause the 0.16 dollar to be retested. If the Dogecoin price generates a daily close below this barrier, the bullish thesis is invalidated and a retracement of over 50% can be recorded on the support base of $0.08.

In addition to Dogecoin, many meme coins are performing on a downward trend. The dogecoin killer Shiba Inu, while falling to $0.000045 Baby Doge Coin, Floki Inu, Dogelon Mars, Dogs of Elon as a joke, crypto currencies followed the decline sequences of up to 10%. The decisiveness of the general market trend and the struggle of the leading Bitcoin to hold on to the 60.000 dollar led to moving hours, while investors’ caution was among the most important issues.

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