Dogecoin Might Lose 30% In Price, Headed To $0.22: Analysis

WikiBit|2021-08-26

Ikhtisar:Dogecoin (CRYPTO: DOGE) now faces a major downturn after losing a key support level, with the price proceeding towards the $0.22 level. What Happened: According to an FX Street technical analysis published on Tuesday, Dogecoin is headed towards the $0.22052 price level after losing the support located at $0.30788. This results in a downturn of 32.66% from this week's Dogecoin's high of $0.3275 and of over 24% from its current price of $0.2902. FX Street's technical analysis placed Dogecoin at a crossroad, and if — instead of losing the support located at $0.30788 — it breached the resistance located at $0.32865, then it would be expected to reach $0.35151. This would have been a price over 21% higher than the current one.

Dogecoin (CRYPTO: DOGE) now faces a major downturn after losing a key support level, with the price proceeding towards the $0.22 level.

What Happened: According to an FXStreet technical analysis published on Tuesday, Dogecoin is headed towards the $0.22052 price level after losing the support located at $0.30788. This results in a downturn of 32.66% from this week's Dogecoin's high of $0.3275 and of over 24% from its current price of $0.2902.

FXStreet's technical analysis placed Dogecoin at a crossroad, and if — instead of losing the support located at $0.30788 — it breached the resistance located at $0.32865, then it would be expected to reach $0.35151. This would have been a price over 21% higher than the current one.

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