Dogecoin price analysis is bearish today, as we have seen a strong decline, and the previous low at $0.059 was retested overnight, followed by a quick reaction higher. Therefore, DOGE/USD has likely found another resistance at $0.06 and now looks to continue even lower.
Tržište se trgovalo na zelenom tržištu u posljednja 24 sata. Lider, Bitcoin, ojačao je 1 posto, dok je Ethereum over 1.5 percent. Meanwhile, the rest of the market has traded with close results.
Kretanje cijene Dogecoina u posljednja 24 sata: Dogecoin testira daljnji pad
DOGE/USD se trgovalo u rasponu od $0.05908 do $0.06032, što ukazuje na blagu volatilnost u posljednja 24 sata. Obim trgovanja porastao je za 13.71 posto, na ukupno 211.46 miliona dolara, dok se ukupna tržišna kapitalizacija trgovala oko 7.96 milijardi dolara, čime je novčić na ukupno 10. mjestu.
DOGE/USD 4-hour chart: DOGE retest upside before another drop?
On the 4-hour chart, we can see a slight reaction higher to $0.06 during the day, likely as another lower local high will soon be set before further selling takes place later in the week.
Dogecoin cijena action has slowly established support above $0.059 over the past week as retracement from the $0.068 previous high started to end. As a result, DOGE/USD started to move sideways, with a very narrow trading range seen at the end of September.
From there, a quick spike higher led to $0.63 resistance, where an immediate reaction lower followed. Since then, DOGE has steadily declined back to $0.059 support, where further selling stopped.
As a result, Dogecoin price action has slowly recovered and moved back towards the first resistance at $0.06. Buying pressure has slowed ever since, likely indicating that DOGE/USD will pivot back lower again over the next 24 hours and look to continue the overall medium-term retracement.
Dogecoin analiza cijena: Zaključak
Dogecoin analiza cijena is bearish today as we have seen a strong decline over the weekend and a quick reaction higher since midnight, with the $0.06 mark acting as a resistance. Therefore, DOGE/USD should soon return lower and look to break towards the $0.058 resistance.
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Izvor: https://www.cryptopolitan.com/dogecoin-price-analysis-2022-10-03/