The price of Dogecoin (DOGE) has dropped over 30% from its yearly high of $0.48, with bearish signals indicating further price decreases. A "Death Cross" pattern has formed on the DOGE/USD one-day chart, suggesting a shift in market sentiment from positive to negative. The bearish readings from DOGE's Super Trend Indicator also confirm the possibility of further downsides. DOGE is currently trading below the resistance at $0.33, and if this support fails, the next key levels are at $0.28, $0.23, and potentially $0.20. However, a successful breach of the $0.33 resistance level could push DOGE towards its yearly peak of $0.48.
- Content Editor ( beincrypto.com )
- 2024-12-22
Dogecoin Drops 30% from Yearly Highs, Risks Falling Below $0.20