A promising triangle in the DOGE market, which formed after a 53% fall in price, disappointed investors. On March 20, the DOGEUSDT price went out of the triangle downward. Our previous idea partially worked out and we decided to update it:
Sellers withstood the attack in the range of $0.059-0.062 and a new wave of decline began. However, This wave of decline is more like a temporary retreat of buyers before a new attack.
Our opinion confirms the nature of the DOGEUSDT price fall within 4 days. Low volumes, modest candles and a stop at $0.52. It was this mark that was at first a problem for buyers, and now there is reliable support:
If the next local attack of sellers is weak and the range of $0.052-0.054 remains under the control of buyers, we will expect the price to rise with two targets: $0.06 and $0.07.
Loss of this range will continue the correction of the DOGE price to $0.047. However, for now, this is an alternative scenario. ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!