DOGECOIN (DOGEUSDT) is controlled by a bearish corrective wave - Analysis - 12-24-2024

The price of DOGECOIN (DOGEUSDT) stabilized at a decline during its recent trading at the moment levels, amid the stock's attempts to liquidate some of its clear oversold by the relative strength indicators, especially with the beginning of positive signals from them, which helped the stock price to hold together a little, in light of the control of a bearish corrective wave in the short term, with the continuation of negative pressure due to its trading below its simple moving average for the previous 50-day period.

Therefore, our expectations indicate a decline in the stock price during its upcoming trading, as long as it stabilizes below the $0.34000 level, targeting the important support level of $0.22888.

The expected direction for the upcoming trading: Down $DOGE