Dogecoin Price Prediction – Falls to May Lows Again!
Earlier this month, the Doge pair fell below the psychological $0.1 mark after multiple declines since March. The pair then found support at $0.915 and bounced sharply, but was rejected. The bounce led to a three-week retracement, with prices hitting $0.143 last weekend.
Rejection occurred and prices fell. Starting the week bearishly, the memecoin is currently approaching the $0.12 lows of May. A strong rebound off this low could bring positive action to the market.
The closest support level for the expected decline is $0.114. Below this level is $0.105, followed by the monthly low of $0.0915. A breakout of this low would confirm the continuation of the bearish pattern.
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If the price rebounds, Doge may face minor resistance at $0.13 before retaking $0.1437. A breakout from there could spark a sharp rise to $0.155 and $0.175, where it started its decline in May.
