Dogecoin Recent Price Action: Why did Dogecoin crash?
$Doge started the session at $0.240, promoted to $0.248, then reached a low of $0.223 during heavy US trading hours. Due to a delayed rebound, the price returned to $0.226, indicating that buyers are accumulating near the support zone. In particular, the amounts on sale were spiked at 918 million people, more than twice the average of over 24 hours. This indicates that a large player may have triggered a stop loss order and could create a base for recovery if demand is returned.
Looking at the last seven days, the chart looks even tougher, with losses of over -18%.
Last Week’s Doge/USD Price Chart – DradingView
DogeCoin Price Technical Outlook
Dogecoin Price Prediction: Important Levels to Watch
Given the heavy selloff from the $0.223 area and subsequent bounces, the outlook for the coming period is cautiously optimistic. If Doge is able to regain $0.223 and get back $0.241, the price could retry $0.260 within a few days. However, if you can’t maintain support, you may be sent in the $0.215-0.218 range. As macro headwinds can extend volatility, investors should monitor US inflation data and commentary on the Federal Reserve.
How to replace dogcoin?
Identify Exchanges – Compare prices structures and liquidity using the Exchange Comparison Guide. Monitor Price Level – Watch carefully the $0.223 support and $0.241 resistance zone. Understand your assets – For new traders, read out the basics of blockchain to evaluate the technology behind Doge.
For live prices and charts, see the Doge Price Page.
