Dogecoin (DOGE) prices are primary to less than $ 0.3 and can cause a 30% plunge.
Dogecoin Price has shown acute intensity over the past few years after reaching the rock floor level at Bear Market. The bears worked hard to restrict the rally whenever they tried to set up the trend of ascending trend. As a result, Doge Price has long been integrated with less than $ 0.1. However, since the latest UPSwing, the new player seemed to be imminent, but the current transaction setting suggests that 20%of the fullback is coming quickly.
Since Dogecoin & SHIBA INU, PEPE has attracted tremendous attention and has become the third largest memo in a very short time, depending on the market cap. Since then, PEPE PRICE has shown gradual movements. Meanwhile, Dogecoin’s patterns have been followed for the last few months. This is a hint for the fullback as much as possible if the best memo, the PEPE Price Rally, is cloned.
Source: X
The chart above shows the comparison between the two price patterns. This suggests that Doge Price is closely following the integrated PEPE price around ATH. Meanwhile, this price did not defend about $ 0.000017, so the fullback of 30%of the fullback reached the floor of nearly $ 0.0000114. Currently, Doge Price has reached regional support and can face 20%fullback if Bulls does not start rebound.
What is the next step in Dogecoin (DOGE) Price Rally?
After the latest full back, the price of Dogecoin fell below the trend line of the uphill, which was a powerful support. In addition, the price does not recover from the loss level and can raise concerns about the next price measures. Therefore, Doge Price is expected to lose support for $ 0.3 soon.
As you can see in the chart above, the Doge Price can lead to a support area from $ 0.29 to $ 0.309 in the face of increased upward pressure. Under the trend of the RSI and down the line, the weak target has been activated for the price. Therefore, the Doge price is expected to drop to less than $ 0.3, reaching $ 0.246 at 0.382 FIB. It may be if RSI can reach lower thresholds. If the level causes recoil, the Dogecoin price rebounds and can rise to more than $ 0.3, otherwise the drop of $ 0.2 may be imminent.