Both Dogecoin and Pepe have fallen below support levels. Will you choose to enter the market or wait and see?
Dogecoin and Pepe have both fallen by more than 10% this week and hit key support levels on Thursday. Friends who want to buy these two coins can try to buy at the support level, but be careful, the current momentum is weak.
$DOGE : It rose to $0.48 on December 8, but fell 23% in 10 days. It is currently pulled back to the 50-day moving average of $0.35, which is the 61.8% retracement of the increase from November to December. If it supports $0.35, it may rebound to $0.41, but the strength index is still below 50, and the trend is weak.
$PEPE : It hit a new high of $0.000028 on December 9, but pulled back 26.6%. It is currently approaching the support level of $0.000016. If it rebounds, it may rise to $0.000024. The strength index is also below 50, and we need to pay attention to whether the rebound can continue.
If these two coins cannot rebound at the key support level, they may continue to fall. Dogecoin may fall to $0.28, and Pepe may fall to $0.000014.
Now is a good time to enter the market in batches. If you don’t know which one to buy at the bottom, you might as well pay attention to learn more spot strategies.
