Add as a preferred source on GoogleDogecoin Chart Shows Conditional $0.059-$0.060 Downside Area
The daily chart’s bullish structure remains intact above an August low, while the four-hour and weekly charts show weaker setups.
Dogecoin (DOGE) retained support on the daily chart at the August swing low near $0.067.
The shorter-term picture is weaker. DOGE is within a four-hour descending channel, while the weekly chart is bearish. The chart’s conditional downside area is $0.059-$0.060 below $0.067; its in-channel rebound range is $0.071-$0.073.
On-chain movement has been subdued in recent weeks. Miner revenue, which is tied to DOGE’s price, fell below $1 million a day last week from about $1.2 million a day last month.
DOGE is now below the $0.070 level discussed in TokenPost’s October analysis of conditional Dogecoin support levels.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.