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Dogecoin dips 36% and then rebounds as DOGE seeks a big turnaround to $0.39
The price of Dogecoin has fallen below the crucial $0.18 mark.
Key resistance levels continue to fall, putting downward pressure on any upward momentum.
Failure to keep $0.18 might be disastrous.
The price of Dogecoin has tested levels below the final support zone at $0.18. The early Saturday am crypto meltdown saw Dogecoin plummeting below crucial support, but it has regained a big portion of that drop. As a result, Dogecoin is still in danger of falling back into the single digits.
The price of Dogecoin has dropped by more than 40%
For the previous five weeks, the price of Dogecoin has been trading below the weekly Tenkan-Sen and Kijun-Sen. During that period, it has repeatedly challenged the key support level at $0.18, but sellers have failed to intervene, causing Dogecoin to fall off a cliff. The near-term Ichimoku levels have creeped closer and lower as time has passed.
The path ahead for Dogecoin is exceedingly arduous, and purchasers looking for a prudent start will have a lengthy wait.
A prudent purchase entry point is at $0.27. If Dogecoin closes at or above $0.27 on a weekly basis, it has closed above the weekly…
