Can the price of DOGE bounce back shortly? Dogecoin dogecoin jasdoge DogecoinMemes RacerDoge crypto cryptocurrency doge
The rate of DOGE has declined by 1.71% over the last 24 hours.
Despite today's decline, the price of DOGE might have found the local support level at $0.07212. However, it is too early to think about the trend reversal as not enough energy has been accumulated yet. In this case, the more likely scenario is accumulation around the $0.073 area. On the daily time frame, the rate has also bounced off the support, which means that there are chances to see a slight correction. If the candle closes far from the support, one can expect growth to the $0.074 area within the next few days.
A similar situation can be seen on the weekly chart as the price has made a false breakout of the support. However, the volume keeps going down, which means that buyers are not ready yet to buy at the current levels.
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