Dogecoin (DOGE) Price Prediction: DOGE/USDT Market Rebounds Downward

Dogecoin Price Prediction

The Dogecoin market has risen considerably ever since bulls in the market became explosive. The bullish explosion brought the market to test the $0.4500 price level for two sessions. However, the market has continued to retract below the mentioned price level subsequently.

DOGE/USDT Long-Term Trend: Bearish (Daily Chart)

Key Price Levels:

Resistance: $0.4500, $0.5000, $0.5500

Support: $0.4000, $0.3500, $0.3000

The last price candle on the chart has provided a considerable price decrease as of today's trading activity. Despite this, Dogecoin still trades at a significant distance above the Moving Average (MA) ribbons. Likewise, the coin also trades above the $0.4000 mark.

You can read more here: https://cryptosignals.org/cryptocurrency/dogecoin-doge-price-prediction-doge-usdt-market-rebounds-downward/