DOGE Technical Analysis: The End Of The Downward Trend Has Begun

The month of June was not entirely successful for investors of the DOGE cryptocurrency. The advantage that buyers kept at the end of May was lost. This is a range of $0.08. In the past, this range was a historical high. In February 2021, buyers stopped their aggressive growth wave for a few weeks just after the DOGE price met the $0.08 mark. Moving back to the present, we see that 4 weeks of weak but constant pressure from sellers was enough to take control of this range. Now buyers are in a difficult situation. Yes, the DOGE price again tested the bottom of the fall channel and began a rebound. However, whether the future of this rebound is above $0.08 is still unclear. Source: https://www.tradingview.com/x/uN3IM4br/ The weekly chart shows us that the first meeting of the DOGE price with a mark of $0.08 took place in favor of sellers. If the purchase does not change the situation by the end of the week and the DOGE price closes below the critical mark, we will expect a re-test of the $0.053 mark. It is after the test of this mark that buyers can gain new strength to break the mark of $0.08 and the test of $0.11. DOGE Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/DWQNqCsD/ Analyzing the movement of the DOGE price on the daily timeframe, several contradictions can be found. On the one hand, the price rebound after the aggressive fall wave on 10 June is quite uncertain. The price of tiny candles...