Will Dogecoin (DOGE) Rise ?????????????????
Dogecoin (DOGE) followed Bitcoin‘s downward trend and led the decline among meme cryptocurrencies.
As markets continue to resist movements made by BTC before the halving, the correction in Bitcoin indicates that cryptocurrencies should be closely monitored next week.
Specifically, this situation with Bitcoin’s price could result in DOGE being seen as an opportunity by more investors.
Conversely, selling pressure on DOGE’s price could cause it to fall below $0.15, potentially disrupting the bullish outlook and leading to further declines.
On the other hand, Dogecoin’s price is currently trading just below the vital support level of $0.15. This threshold could be considered an important buying point by investors and could be the starting point for a new upward movement for DOGE.
Following the latest price movements, Dogecoin was trading at $0.1493, indicating a daily loss of approximately 15%.
