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As the majority of the ATR has been reached, any sharp moves are unlikely to occur by the end of the day. However, a more in-depth analysis reveals some crucial insights regarding Dogecoin’s (DOGE) price prediction for December 14.
From a bigger perspective, DOGE is far from its support and resistance levels. This suggests that we may not see any significant movements today. Nonetheless, if the candle closes near its low, it is possible that the decline may continue towards the $0.38 zone in the near future.
In the midterm point of view, traders should pay attention to the weekly candle closure’s proximity to the $0.3650 level. If this happens, the accumulated energy could be enough to prompt a breakout and potentially test the $0.35 zone. As of press time, DOGE is trading at $0.3983.
As always, it is essential to monitor the market closely and adjust your strategy accordingly.
Source: u.today
