Dogecoin (DOGE), which shines under the leadership of Elon Musk and X, is now struggling with Bitcoin (BTC).
DOGE, which came to the fore with the influence of Elon Musk, X and even TradingView, tested a critical level with the collapse of BTC. Memecoin, which has attracted attention with its upward moves recently, is currently pushing the resistance level. But the danger on the BTC side is not over. What’s the latest for DOGE? Which points are important?
Dogecoin (DOGE) chart review
DOGE, which has been in a downtrend since $ 0.083, pinned down to $ 0.055 with its last drop. DOGE, one of the popular coins of Memecoin investors, is currently trying to break the resistance point. With DOGE breaking $0.063, the levels that can be targeted will be $0.0698 – 0.0746 – 0.0789 and $0.0847, respectively. In this process, Elon Musk and X can be followed closely for possible moves.
Barriers such as not exceeding $0.063 and BTC staying below $25,000 naturally strengthen the hand of sellers in DOGE. However, the support levels to watch will be $0.0599 – $0.0557 and $0.0531 respectively. If $0.0531 is lost, the selling pressure on DOGE could gain a different dimension.
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