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As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day. According to our analysis at TradingView, it seems that Dogecoin (DOGE) is not close to the support and resistance levels on its bigger timeframe.
However, if the candle closes near its low, the decline may continue to the $0.38 zone soon. It’s essential to keep an eye on the weekly candle closure in relation to the $0.3650 level, as it might be enough energy for a breakout followed by a test of the $0.35 area.
At the time of writing, DOGE is trading at $0.3983.
This information was provided by Denys Serhiichuk, a renowned analyst with over 5 years of trading experience and an expert in both technical and fundamental market analysis.
Source: u.today
