DOGE Price Prediction for December 21
WikiBit 2024-12-21 22:13
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DOGE Price Prediction for December 21
Most of the coins have returned to the green zone, according to CoinStats.
DOGE chart by CoinStatsDOGE/USD
The rate of DOGE has risen by 25.6% since yesterday.
Image by TradingView
Despite todays sharp rise, the price of DOGE is looking bearish on the hourly chart. The rate is falling after a false breakout of the resistance of $0.3487.
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If the correction continues, traders may expect a test of the support level by tomorrow.
Image by TradingView
On the bigger time frame, the bar is about to close with a long wick, which is a bearish signal. If the situation does not change by the end of the day, one can expect a test of the $0.28-$0.30 area soon.
Image by TradingView
From the midterm point of view, traders should pay attention to the candle closure in terms of the $0.2724 level. If it happens far from it, a further decline might be postponed.
DOGE is trading at $0.3252 at press time.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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