With the growing uncertainty in the crypto market, the Dogecoin price recently turned down from the $0.11 resistance. As a result, the coin price tumbled 8-9% in the last four days and retested the $0.093 and $0.09 support. The downfall backed by decreased volume indicates a high probability of a bullish reversal, which may resume the prior recovery.
Key points:
- If the dogecoin price show sustainability at $0.09 support, the replenished bullish momentum may assist buyers in surpassing the $0.11 barrier.
- A daily candle closing below $0.009 will weaken the bullish momentum
- The 24-hour trading volume in the Dogecoin coin is $467.5 Billion, indicating a 30% loss.
Is Tesla Stock downfall affecting Dogecoin?
Historically, the DOGE price had significantly responded to billionaire Elon …
