DOGE Technical Analysis in Weekly Timeframe

15 ago

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

DOGE is in a downtrend on the weekly timeframe. The price has broken below the blue box, which was a key support, and it's now acting as resistance.

If the market doesn't shift from bearish to bullish, DOGE will likely drop toward the support trendline between $0.055 and $0.0628, a 38%-40% decline from the current price.

To avoid this drop, the market needs a strong rebound.

Key levels:

- Resistance: $0.104-$0.118
- Support (Accumulation): $0.6243
- Long-term Target: 5x-10x

DYOR, NFA.

Like, share, and follow for more.

Thanks

#doge #Crypto