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DOGE Price Prediction for July 25
As the market continues to experience a correction, Dogecoin’s price action is attracting attention due to its recent surge and subsequent fall. The majority of coins are currently facing a correction according to CoinMarketCap.
Dogecoin has dropped by 3.22% over the last day, but it’s still one of the biggest gainers today. The hourly chart shows that the rate of DOGE is moving downwards after failing to break out from the local resistance at $0.2324.
If this downward trend continues, a test of the support level tomorrow can be expected. Currently, Dogecoin trades at $0.2243.
Looking at the midterm perspective, it’s clear that bulls have failed to maintain growth momentum after a previous bullish close. As a result, there is a high chance we may see a visit to the nearest level of $0.2067 by the end of this week.
In conclusion, DOGE will most likely be testing lower levels.
Source: u.today
