DOGE Technical Analysis in Weekly Timeframe

Aug 15

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Now, let’s dive into this chart analysis:

DOGE is in a downtrend on the weekly timeframe. The price has broken below the blue box, which was a key support, and it's now acting as resistance.

If the market doesn't shift from bearish to bullish, DOGE will likely drop toward the support trendline between $0.055 and $0.0628, a 38%-40% decline from the current price.

To avoid this drop, the market needs a strong rebound.

Key levels:

- Resistance: $0.104-$0.118
- Support (Accumulation): $0.6243
- Long-term Target: 5x-10x

DYOR, NFA.

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#doge #Crypto