Crypto Bears Hit Dogecoin Hard: Will DOGE Recover From $0.3404?

Crypto Bears Hit Dogecoin Hard: Key Levels to Watch

According to CoinMarketCap, bears have taken the lead in the market. With a nearly 4.70% decline from yesterday, DOGE is among the biggest losers today. The DOGE rate made a false breakout of the local support level of $0.3404 on yesterday’s hourly chart. One can anticipate a challenge of the resistance level of $0.3547 by today if the daily bar closes far from that point.

DOGE Faces Pressure: Eyes Set on $0.3359 and Potential $0.32 Breakout

The $0.3359 interim zone is worth keeping an eye on for a longer period of time. The gathered energy may be sufficient for a move to the $0.32 zone in the near future if its breakout happens. Furthermore, after the last bullish candle closed, purchasers were unable to sustain its growth in the medium run. There is a chance that the $0.30 range will be tested shortly if nothing changes before the end of the day. As of this writing, DOGE is trading at $0.331.

For more up-to-date crypto news, you can follow Crypto Data Space.