Dogecoin Must Cling To This Level Lest DOGE Slip Quickly To $0.048

Dogecoin (DOGE) has been swirling downwards since the latter part of 2021, specifically in November. DOGE is currently up by 0.88% or trading at $0.06247 Dogecoin has been trailing down since November 2021 DOGE showing some bearish movement DOGE has been on a rollercoaster ride with up and down sequences. The popular dog meme coin is seen to have rallied the previous month generating double-digit gains in terms of percentage. One significantly rally is in August when DOGE managed to surge from a low of $0.059 peaking to a high of $0.087. Dogecoin is currently sitting in a demand zone seen since July. According to CoinMarketCap, DOGE is up by 0.88% or trading at $0.06247 as of this writing. With the rate it’s going, Dogecoin may possibly maneuver towards the $0.07 zone. Related Reading: Bitcoin (BTC) Must Make It Past This Threshold To Bounce Back DOGE Likely To Take Detour Towards Bears On a longer market timeframe, DOGE is looking bearish while Bitcoin is similarly showing some weakness. DOGE was able to take a full grip on the support zone but it seems that the momentum is taking the detour towards the bears. Now, Bitcoin has always made a strong influence on the performance of DOGE and other altcoins. With that being said, it moves alongside Bitcoin regardless of whether the king of crypto wings it or crashes down. Source: TradingView From July to August, DOGE is seen to have lingered in the range of $0.063 to $0.07. As of ...