Dogecoin Price Analysis: Amidst the harsh conditions provoked by the legal battle between US SEC and Big crypto exchange Binance(BNB) and Coinbase(Coin), the Dogecoin price has displayed a drastic fall from the $0.069 mark. However, the downtrend asset found support at the base of the bearish channel, the buyers are absorbing the sell-off neatly. Will Dogecoin reverse from the baseline or is the memecoin set to fall below $0.050?
Also Read: Elon Musk Mentions DOGE in a Tweet, Impact is Yet to be Seen
Dogecoin Price Daily Chart
Dogecoin price retests the $0.065 breakdown to test the $0.056 level.
Buying at lower levels leads to tail formation projecting a potential reversal, as buyers absorb the sell-off.
The 24-hour trading volume in the Dogecoin coin is $911.5 Million, indicating a 271% gain.
Source-Tradingview
Moving in a negatively inclined bearish channel, today the dogecoin price approaches the support trend line with an intraday fall of 13.85%. Responding to a recent market sel
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