Well, it seems the bears have decided to wake up from their hibernation and are now taking the market by storm, according to the ever-reliable CoinMarketCap. Who knew bears could be so industrious? 🐻💼
DOGE/USD
In a shocking turn of events, the price of DOGE has plummeted by a staggering 2.46% over the last day. I mean, who could have seen that coming? 🙄
Looking at the hourly chart, it appears that DOGE is on a slippery slope after breaking through the local support of $0.1575. If the daily bar decides to close below that mark, we might just be heading towards the $0.1530 area faster than you can say “to the moon!” 🚀
And if you thought that was bad, just wait! A bearish picture is also emerging on the larger time frame. If that candle manages to fix itself below the $0.1577 level, we could be looking at a correction down to the $0.15 range. This delightful scenario is expected to stick around until the end of the week. How lovely! 😅
From a midterm perspective, it seems the bulls have thrown in the towel and failed to keep the growth going after the weekly bar’s closure. Talk about a lack of stamina! 🐂💨
If the candle closes around the current prices or even lower, brace yourselves for a correction that could take us down to the $0.1450-$0.15 area in no time. Buckle up, folks! 🎢
As of now, DOGE is trading at a thrilling $0.1575. What a ride! 🎉
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2025-04-15 18:20