$DOGE Price Trend Revealed: Can it break $0.5?
Speaking of Dogecoin, everyone is watching whether it can reach $0.5 in November. But from the EMA, it feels like the market trend has begun to change, from thinking it can rise before to thinking it may fall now. You see that the price of Dogecoin has fallen below those short-term ones, which is not a good thing.
Look at the current situation. In a short period of time, more and more people are selling, and the strength of buyers is getting smaller and smaller. Dogecoin is like a sports car without oil, running against the wind. Can it not slide backwards?
Think about it in a worse way. If Dogecoin does not stop, it may have to try the bottom of $0.34. That support level is very important, just like a river bank. If it breaks, the price may fall like a flood, and it may fall to $0.14. That is really a drop of more than half at once, and it hurts my wallet just thinking about it.
But the market is like the weather, it changes at any time. It would be interesting if Dogecoin could suddenly turn around and start to rebound. It might first try the two resistance levels of $0.43 and $0.48. If it really breaks through, Dogecoin may rush to the high ground of $0.5 in one go, making a gorgeous reversal and giving everyone a little surprise!
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