Dogecoin Price at a Crossroads: Will It Continue to Fall by 25% or Will It Rally by 55%?
Due to the fact that it has just broken through a significant resistance zone, the price of Dogecoin (DOGE) is now at a vital crossover point.
The most recent price of DOGE was just under $0.10, which is around 9% down from the highs that were reached on Friday, which were in the $0.1080s.
Sellers joined the market as the price encountered resistance in the shape of a downward trend from the highs reached in March and the 50-day moving average. This resulted in the price of Dogecoin turning around.
If Dogecoin is able to break over this resistance region to the north, it may be possible for the cryptocurrency to have a rapid increase of 55% towards $0.15s.
At a Crossroads, the Price of Dogecoin
However, it seems that the price of Dogecoin has already indicated that it has rejected this resistance level.
All of this points to the fact that bears continue to exert their influence on the market.
It's possible that the next move will be a plunge of thirty percent below the lows reached in August, perhaps under eight dollars.
