CandleFocus DOGE Price Prediction for October 17
2024-10-17
Author: Content Editor
The cryptocurrency market is experiencing a correction, with many coins in the top 10 seeing a decrease in value. Dogecoin (DOGE) is one of the biggest losers, falling by 4.56%. On the hourly chart, DOGE is trading near the support level of $0.1206. If there is no bounce back by the end of the day, there is a possibility of a test of the $0.12 zone tomorrow. On a larger time frame, the bulls have been unable to sustain the growth from the previous day, and if the daily bar closes around current prices, there may be a drop to the $0.115 area by the end of the week. Overall, the market is currently in a neutral state with low chances of any significant movements. The more likely scenario is sideways trading between the $0.11-$0.13 range. At the time of writing, DOGE is trading at $0.1206.
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