{"id":515115,"date":"2023-01-06T10:05:50","date_gmt":"2023-01-06T15:05:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=515115"},"modified":"2024-06-11T08:42:54","modified_gmt":"2024-06-11T08:42:54","slug":"dogecoin-price-falls-wise-to-short","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-falls-wise-to-short\/","title":{"rendered":"Dogecoin Price Falls, Is It A Wise Idea To Short?"},"content":{"rendered":"
The Dogecoin price has remained motionless over the past several weeks. In recent times, due to constant lateral trading, DOGE lost the $0.072 support line. Over the past 24 hours, the coin has dipped nearly 3% on its chart.<\/p>\n
The meme coin has only moved 0.7% in the last week. As Bitcoin started to act wobbly on its chart, many altcoins that had made gains started to retrace on their respective charts. Technical indicators, however, suggest that the asset might register gains over the next trading session.<\/p>\n
The coin has registered a fall in demand on the chart, but that is not supposed to last for long. Although DOGE had pierced through several support lines, the coin could soon make up for the loss. The crucial resistance mark for Dogecoin stood at $0.078.<\/p>\n
Buying pressure has to return to the market for Dogecoin price to target a move above $0.078 and attempt to trade near $0.080. Touching the $0.080 mark will invalidate the bearish thesis for a significant period of time. The market capitalization of Dogecoin did not indicate that bears were crawling back into the market.<\/p>\n