๐$DOGE DOGE/USDT Update: Whatโs Next for the People's Crypto? ๐โ๐ฆบ
๐ป Current Price: $0.35763 (-8.03%)
๐ 24H Low: $0.35684 | 24H High: $0.39831
๐ Volume: 1.99B DOGE
Dogecoin, the memecoin turned market favorite, is showing sharp downward momentum as bearish pressure takes control. With EMA(7) crossing below EMA(25) and the price falling below the critical EMA(99) support at $0.37769, DOGE seems to be heading into uncharted territory.
Key Levels to Watch:
Immediate Support: $0.35000 (psychological level)
Resistance: $0.36900 (short-term EMA level)
๐ Potential Scenarios:
1๏ธโฃ Reversal Opportunity: A bounce back from the $0.35 level could reignite momentum, challenging resistance near $0.37.
2๏ธโฃ Continued Bearish Trend: Breaking below $0.35 might open the doors to further lows, targeting the $0.33 level.
๐ฅ Pro Tip: Volume spike in the last hour indicates increased trader activityโkeep a close eye on whale moves.
๐ก Will DOGE defy gravity and return to its upward trajectory, or is this a deeper correction in the making? Share your thoughts and keep your strategies sharp!
#Dogecoin #DOGE #CryptoTrading #Binance #BinanceMegadropSolv $DOGE