After the massive run-up that doge had earlier this month, it seems to be time for a bearish correction. Historically, DOGE has been a very volatile coin, seeing vast increases in value in a short amount of time, only to lose it all later by bleeding out slowly.
Since the volume has died down, I think it's time for a bearish correction. I've drawn two support lines on the chart, S1 and S2. These areas function as the main supports in case the price will continue falling. The S2 area might be far-fetched, but in case Bitcoin will see a strong drop soon, S2 might be reached as well.
Happy trading!
Since the volume has died down, I think it's time for a bearish correction. I've drawn two support lines on the chart, S1 and S2. These areas function as the main supports in case the price will continue falling. The S2 area might be far-fetched, but in case Bitcoin will see a strong drop soon, S2 might be reached as well.
Happy trading!
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