Dogecoin (DOGE), which has been pricing around minor resistance for about a month, is having difficulty making an upward attack.
Time is running out for DOGE, the leader of memecoins, which was rejected at $0.06318 and fell to $0.06181. DOGE, which has been oscillating in a short price range for a long time except for a few omissions, cannot currently find support from Elon Musk and X. What is the technical situation for DOGE, which failed to overcome the minor resistance and retreated again?
Dogecoin (DOGE) technical review
Memecoin, which has been accumulating for a while at $ 0.06318, eventually saw a harsh selling pressure and touched $ 0.0599. This level, which worked as an effective support in a short period of time, would show itself again. DOGE, which reacted slightly below $0.0599, reached up to $0.06181. The resistance points that need to be broken in order to maintain bullish expectations for DOGE investors are 0.0659 – 0.0698 – 0.0739 and 0.0789 dollars, respectively.
Situations such as the retreat of the Memecoin market, the lack of support from Elon Musk and X, or the sharp decline of BTC will naturally shake DOGE. The support levels that can be followed in such a scenario are 0.0599 – 0.0557 and 0.053 dollars, respectively. At this point, the reaction from $0.0557 will play a critical role.
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