Short DOGE looks ideal right now as prices are likely to fall in the next few weeks

If DOGE closes below this range, the price could drop to $ 0.087 or even $ 0.065 before a bullish reaction occurs.

Unsurprisingly, DOGE’s technical indicators are also very weak. The candles are trading below the EMA band and this gives more sell signals to the market. The bands have also had some overlap in the past few days, signaling the start of a strong downtrend.

In addition, the RSI and the Awesome Oscillator have moved into bearish zone. Selling pressures will likely overwhelm any chances of a bullish rally.

Based on the above factors, Dogecoin is expected to trend lower in the coming weeks. The coin meme is likely to slide towards the $ 0.087 and $ 0.065 levels if the $ 0.155 to $ 0.175 zone does not hold.

The ideal opportunity for the bulls to buy DOGE would be in the aforementioned demand zone. However, long DOGE is very risky at all costs. A short run would be ideal at this point.

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Annie

According to Ambcrypto

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