🚨 DOGECOIN PRICE UPDATE: MAY RISE BELOW $0.40 🚨
📉 DOGE Price Fell Again:
The Dogecoin (DOGE) price has fallen again, currently trading below $0.4050 and the 100-hour Simple Moving Average (SMA) 📊.
📈 Bullish Trend Line:
Despite the price drop, the hourly DOGE/USD chart shows a bullish trend line with support at $0.3950 📈. This trend line suggests that the price may bounce back and rise above $0.40.
🔍 Key Support Levels:
- $0.3950: Bullish trend line support
- $0.3800: Major support level
- $0.3500: Psychological support level
🔍 Key Resistance Levels:
- $0.4050: Immediate resistance level
- $0.4200: Major resistance level
- $0.4500: Psychological resistance level
🤔 Outlook:
The DOGE price may rise below $0.40 if it breaks above the $0.4050 resistance level and the 100-hour SMA 📈. However, if the price falls below the $0.3950 support level, it may decline further 📉.
📊 Trading Volume:
The trading volume has decreased in the past 24 hours, indicating a lack of momentum in the market 📊.
🔮 Conclusion:
The Dogecoin price may rise below $0.40 if it breaks above the key resistance levels 📈. However, the price may decline further if it falls below the key support levels 📉. As always, trade with caution and do your own research 🤔.