
Dogecoin (DOGE) has experienced a gain of 400% since September, but the momentum has slowed and profit booking has been observed.
After reaching 20-day EMA in mid-December, the DOGE price encountered strong selling pressure, losing the EMA and dropping to the support level of $0.300.
However, the token has managed to hold this level, and buyers may view the dip as an opportunity to buy the token at a discount.
On the other hand, sellers could attempt to push the price below $0.300, potentially leading to panic selling and strong selling pressure.
If the DOGE price fails to hold above $0.300, it could trigger panic selling, potentially leading to further declines and making it difficult for buyers to regain momentum.
According to the analysis, if buying interest returns, Dogecoin could experience a significant price movement.
However, this article serves only as an informative piece and does not provide any financial, investment, or other advice.
免責事項:info@kdj.com
提供される情報は取引に関するアドバイスではありません。 kdj.com は、この記事で提供される情報に基づいて行われた投資に対して一切の責任を負いません。暗号通貨は変動性が高いため、十分な調査を行った上で慎重に投資することを強くお勧めします。
このウェブサイトで使用されているコンテンツが著作権を侵害していると思われる場合は、直ちに当社 (info@kdj.com) までご連絡ください。速やかに削除させていただきます。