DOGE has lost a lot of value today, falling by 8.21%.
Image by TradingViewDespite the sharp drop, the rate of DOGE still looks bearish. At the moment, the price is near the local support of $0.1475. If a breakout happens, the correction may continue to the $0.1450 zone soon.
Image by TradingViewOn the bigger time frame, there are also no reversal signals yet. If yesterday’s decline continues, traders may expect a test of the $0.1350-$0.14 zone within the next few days.
Image by TradingViewFrom the midterm point of view, sellers keep controlling the situation. If buyers lose the interim zone of $0.14, the accumulated energy might be enough for an ongoing correction to the nearest support level of $0.1225.
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 denys.serhiichuk@u.today.
