DogeCoin Is Getting Shattered! Sell Now?

8:46 am, Thu, 1 July 21

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DogeCoin Is Getting Shattered! Sell Now?
DogeCoin Is Getting Shattered! The Altcoin price just broke and retested a key support on the 4-hour timeframe

The DogeCoin price has just broken through and retested a very key neckline on the 4-hour timeframe.

This neckline has been serving as major support for DogeCoin for the past few months now! And a break like this only spells doom for the Altcoin bulls.

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Bearish Prediction For DogeCoin

DogeCoin Is Getting Shattered! Bearish Prediction For DogeCoin on the 4-hour timeframe

The DogeCoin price has entered the bearish territory and now has an even higher possibility to keep selling off in the coming days. Going lower to the 1-hour timeframe we easily spot a few key levels and bearish targets to watch for.

These key levels will better help us understand the behavior of the price.

The $0.290 Key Resistance

Bearish Prediction For DogeCoin! Key levels to watch on the 4-hour timeframe

The $0.290 price level is a key resistance to watch for on the 1-hour timeframe. We want to see the Altcoin price continue to respect and trade below this region for this bearish prediction to remain valid.

A break above this $0.290 resistance could push the DogeCoin price back into bullish territory increasing the chance to see a further rally.

DogeCoin Bearish Targets

DogeCoin Is Getting Shattered! Bearish Prediction For DogeCoin on the 4-hour timeframe
DogeCoin Is Getting Shattered! Bearish Prediction For DogeCoin on the 4-hour timeframe

The first bearish target to watch would be the previous low of $0.165. We saw DogeCoin find support and bounce off this price region in the past, if the supports hold, we might see history repeat itself in the coming days.

This is a 34% dump in the DogeCoin price. However, if the price breaks through this $0.165 support, we might see a deeper sell-off in DogeCoin in the coming days.

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Final Verdict!

DogeCoin has officially entered into bearish territories and now has a very high potential to continue selling off in the coming days. If this price prediction plays out, we might see the DogeCoin price gradually trend lower back down to the $0.100 price region in the coming days.

However, the key resistance to watch is the $0.290 price level. A break of the $0.290 resistance invalidates this bearish prediction and pushes the DogeCoin price back into bullish territory.

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