Dogecoin price plunges, has the market trend changed? Will it fall to 10 cents again?
Dogecoin (DOGE) price dropped 11% in a flash, and now each Dogecoin is only worth $0.113, which is the lowest point it has not seen since February this year! Although it has recovered a little in the past two days, it still feels a little weak, and not many people buy it.
The trend of the entire cryptocurrency market has changed, and Dogecoin has also been affected. Although it still has some loyal fans supporting it, the next trend is related to its future fate!
A big man in the currency circle named Kevin said that Dogecoin is not doing well now. It has lost its previous "amulet" and some important support, so it is very likely to fall to the price of $0.1 again.
Imagine that Dogecoin is now playing a game of "down slide". It has been sliding around in a downward triangle before, and now it has slid to the bottom of the triangle, which is a critical place!
Investors are nervously watching, hoping that Dogecoin can stabilize this price, but it seems that there is no good news for it. Now Dogecoin is like an athlete who has fallen behind in the 50-meter and 200-meter relay races. It is not easy to catch up.
However, if Dogecoin can suddenly exert its strength and break through the current resistance, it may return to the high of $0.237, and it may even set a new high of $0.286! But if it continues to decline, it may fall to a low of $0.096 or $0.072, and then it will have to regain its state and slowly climb up.
Looking at the current situation of Dogecoin, some investors are beginning to look for new opportunities, such as a new project called Rebel Satoshi Arcade.
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