What is the latest situation for Dogecoin (DOGE), which continues its weak outlook by not reacting to the intermediate rise in Bitcoin (BTC)?
DOGE, which has not exhibited a clear price movement in recent weeks unless there is a positive reflection by fundamental analysis, remained silent about the increase in BTC. Memecoin, which usually comes to the fore with Elon Musk’s posts, is separated from BTC. What is going on in DOGE, which could not improve its technical outlook even though BTC rose from $ 24,900 to 26,450 in a few days?
Dogecoin (DOGE) chart analysis
DOGE, which has not shown a very effective performance since its needle at $ 0.0837, cannot find strength at $ 0.0631. Memecoin, which failed to make the expected move even though BTC rose from $24,900 to $26,400, is currently trading at $0.0615. Elon Musk and X’s ignition of DOGE on the fundamental analysis side or BTC’s sharp upward movements may give DOGE an upward momentum.
If the popular coin targets the upper levels, the levels that may constitute resistance are 0.0698 – 0.0739 – 0.0768 and 0.0837 dollars, respectively. If the downward price structure continues, 0.0599 – 0.0557 and 0.0531 dollars can be followed as support levels, respectively. If there is a loss of $0.0531, it is highly likely that the selling wave will become larger.
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