Price Analysis$DOGE
Currently, the price of Dogecoin (DOGE) is facing a demand range of $0.11200-0.11500.
If this range is broken, the price may continue to correct downward.
Therefore, as long as the price remains below $0.16, the closest target may be the $0.095 area.
Dogecoin is currently in a descending channel and the price is more likely to fall to the bottom of the channel. This shows that the market sentiment is bearish and investors should remain vigilant.
However, if the price can maintain the current level and rise back to the upper limit of the channel, it is possible to break through the dynamic resistance and return to the range of $0.170-0.176.
Demand range: $0.11200-0.11500
The current price is in this critical range and if it breaks out of it, the price may fall further.
Resistance: $0.16
This is a key resistance level and as long as the price is below this level, the risk of a drop to $0.095 remains.
Target range: $0.170-0.176
This range will become a potential target if the price can break through the upper limit of the channel.
