Dogecoin cryptocurrency can be expected to fall further toward the next support level 0.1500.
– Dogecoin reversed from resistance area
– Likely to fall to support level 0.1500
Dogecoin cryptocurrency recently reversed down from the resistance area located between the key resistance level 0.17000 (former support level which stopped the previous wave A at the start of April, as can be seen from the daily Doge coin chart below). The resistance level 0.17000 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the previous sharp downward ABC correction (B) from the end of March.
Given the strength of the resistance level 0.17000 and eth bearish sentiment that can be seen across the cryptocurrency markets today, Dogecoin cryptocurrency can be expected to fall further toward the next support level 0.1500.
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