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Cryptocurrency News Articles

Dogecoin (DOGE) Price Prediction: DOGE Loses 20%, Struggles to Stay Above $0.30

Dec 23, 2024 at 03:46 pm

Dogecoin is trading in a bearish zone below the 50-day simple moving average. DOGE price could decline further if it remains below $0.3750.

Dogecoin (DOGE) Price Prediction: DOGE Loses 20%, Struggles to Stay Above $0.30

Dogecoin (DOGE) price showed signs of a recovery after a sharp decline. However, Dogecoin might fail to surpass the $0.3750 resistance. In that case, the price could continue to move down.

Immediate support on the downside is near the $0.30 level. The first major support is around the $0.2680 level, below which the price might drop and test $0.250. The next major support sits at the $0.220 level. If the bulls fail to defend the $0.220 support, the price might drop toward $0.200 or even $0.1780 in the medium term.

News source:coinchapter.com

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