Dogecoin (DOGE) Chart Analysis – May 24, 2023

Another name that was shaken in altcoins was Dogecoin (DOGE), how is the chart in DOGE, which is approaching a critical range?

BTC, which had an instant collapse in the morning hours, greatly affected altcoins. With this situation, altcoins, which were pulled to support levels, caused concern. DOGE, which came to $ 0.071, will fall to a very critical support level if it loses 3 percent. DOGE, which is currently trading above its annual opening price, may be subject to selling pressure if it breaks this value downwards.

What Is The Dogecoin (DOGE) Chart?

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as low as $0.071 DOGE, also very close to the annual opening price. DOGE, which is below the daily and weekly opening price, may come up to $ 0.069 if the bearish movement continues. The re-ignition of the Memecoin frenzy or Elon Musk’s DOGE social media posts about DOGEIt could push the coin higher to $0.76 – 0.085 – 0.091 and 0.946 dollars, respectively.

Fundamental analysis is as important as technical analysis on the DOGE side. Many situations, such as posts on social media, popular names’ statements about DOGE, can instantly affect the DOGE price. Simultaneous monitoring of technical and fundamental analysis for price movements in DOGE can provide clearer data.


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