Dogecoin Price On The Edge: Breakout Or Breakdown—What’s Next? 🐕
In a technical update, crypto analyst More Crypto Online highlights Dogecoin’s precarious position, noting its sideways movement around $0.25. Despite using Elliott Wave counts and Fibonacci retracement to chart potential paths, there's no confirmation of a price bottom.
The analyst points out that breaking above $0.293 could signal a bullish reversal, while surpassing $0.341 would offer stronger confirmation. Currently, Dogecoin remains stagnant, with minor movements failing to confirm a trend shift.
Should Dogecoin fail to push above these points, further downward correction could occur. The broader uncertainty remains as DOGE's recent price activity lacks the momentum seen in robust trend reversals.
Source: www.newsbtc.com ↗
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