Dogecoin Price at Crossroads – 25% Decline or 55% Rally Ahead?
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
The Dogecoin (DOGE) price is at a crucial crossroads, having recently crossed a critical resistance zone.
DOGE was last trading just under $0.10, about 9% down from last Friday’s highs in the $0.1080s.
The turnaround in the Dogecoin price comes after sellers entered after the price hit resistance in the form of a downtrend from the March highs and the 50DMA.
If Dogecoin can break to the north of this resistance area, the door could be open for a quick 55% surge towards $0.15s.
However, the Dogecoin price already looks to have rejected this resistance level.
And that suggests that the bears are still in control of the market.
The next move could be a 30% drop below the August lows around $0.08.
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