Dogecoin cryptocurrency can be expected to fall to the next support level 0.1500 (target for the completion of the active wave (2), which stopped the previous impulse wave (C)).
- Dogecoin reversed from resistance area
- Likely to fall to support level 0.1500
Dogecoin cryptocurrency recently reversed down with the daily Shooting Start from the resistance area set between the round resistance level 0.2000 (former strong support from the start of February, acting as the resistance after it was broken at the start of March, as can be seen from the daily Dogecoin chart below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from the start of March. The downward reversal from this resistance area created started the active intermediate ABC correction (2).
Given the clear daily downtrend and the predominantly bearish sentiment seen across the cryptocurrency markets today, Dogecoin cryptocurrency can be expected to fall to the next support level 0.1500 (target for the completion of the active wave (2), which stopped the previous impulse wave (C)).
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