The price of Dogecoin might experience another significant drop, according to a crypto analyst, creating an opportunity for traders to buy at a discount before a potential rise. If Dogecoin fails to break a key resistance area, its price could drop to $0.125.
TradingView's Dave Hunter attributes this bearish projection to Dogecoin's current volatility, suggesting traders hold off buying until a retracement to this resistance level occurs. The analyst advises shorting due to Dogecoin's declining trend, emphasizing the importance of liquidity sweeps and stop-losses.
Despite the bearish outlook, a TD Sequential buy signal on Dogecoin's daily chart indicates potential for a price rebound, as highlighted by Ali Martinez.
Fuente: www.newsbtc.com ↗