Price: $0.38778 1.1582%
Market Cap: 56.96B 1.739%
Volume (24h): 8.78B 0.4%
Dominance: 1.739%
Price: $0.38778 1.1582%
Market Cap: 56.96B 1.739%
Volume (24h): 8.78B 0.4%
Dominance: 1.739% 1.739%
  • Price: $0.38778 1.1582%
  • Market Cap: 56.96B 1.739%
  • Volume (24h): 8.78B 0.4%
  • Dominance: 1.739% 1.739%
  • Price: $0.38778 1.1582%
Home > Information news > 3 Dogecoin (DOGE) Price Levels to Watch After Catastrophic Crash

3 Dogecoin (DOGE) Price Levels to Watch After Catastrophic Crash

Release: 2024/10/03 20:01 Reading: 983

Original author:U_Today

Original source:https://coinmarketcap.com/community/articles/66fe82838dc69c4df9587368

3 Dogecoin (DOGE) Price Levels to Watch After Catastrophic Crash

Key Price Levels to Monitor for Dogecoin

Dogecoin has recently experienced a sharp decline, raising concerns among investors. Here are three crucial price levels to watch as the asset attempts to stabilize or potentially reverse its current downtrend.

$0.10 Support Level

The psychological and technical support at $0.10 represents the first critical level to observe. This price barrier has historically provided a foundation during past dips. Holding above this level could lead to consolidation or even a reversal. However, breaking below could trigger increased selling pressure and further declines.

200-Day Moving Average

Dogecoin is currently trading slightly above the 200 EMA, a key indicator for long-term trends. A break below this level, now hovering around $0.104, could signal a deeper correction. Investors should closely monitor Dogecoin's behavior around this average, as a decline below it may indicate a loss of long-term support.

Resistance at $0.12

The resistance level at $0.12, which Dogecoin failed to hold during its recent rally, represents the next crucial price level. Breaking above this resistance could pave the way for a more substantial recovery if the price regains momentum. However, the asset may encounter resistance as it attempts to regain pace.

On-Chain Metrics

On-chain metrics reveal a strong concentration of large holders (62%), while 73% remain profitable at current prices. Despite the recent dip, evidence suggests that some whales may still be accumulating Dogecoin, as indicated by a recent spike in large transactions.

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