Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 27
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- Dogecoin’s Price Fluctuations: Post-Musk Decline and Technical Analysis
- Jan 26, 2024 at 11:39 pm COINTURK NEWS
- Dogecoin (DOGE) has witnessed price volatility, with a significant increase on January 20 followed by a sharp decline. Technical analysis suggests DOGE has been trading within a downward formation for two months, facing resistance after an attempted rise. The daily and six-hour time frames indicate a bearish trend, with the RSI falling and the price moving below a descending resistance line. A potential break of the formation could lead to a 27% price drop to $0.058, the closest support level.
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