Dogecoin price is down 20% a week after Elon Musk helped it rally over $0.10.
Instead, the website removed the Dogecoin logo from its home button around April 7. Since then, DOGE price has lost 5.25% and has effectively wiped out its Dogecoin-Twitter logo gains.Nevertheless, DOGE should attract buyers near $0.080, which coincides with a support confluence comprising its long-standing ascending trendline and its 50-day exponential moving average , as shown below.
A bounce after or before testing the support confluence could put DOGE/USD on the road to $0.10 in April or early May, up around 15% from current price levels. "High time frames this is an area of huge volume, probably a fine area to accumulate a spot position,""But it could take a long time to play out as it normally does, so the opportunity cost of that $ could be pricey."Conversely, a decisive break below the support confluence could increase DOGE's probability of falling toward $0.069.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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