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DOGE Price Analysis for April 6

Thu, 04/06/2023 - 16:10
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Denys Serhiichuk
Has DOGE reached reversal zone yet?
DOGE Price Analysis for April 6
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The market is mostly back to the red zone as the rates of coins are falling.

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DOGE is one of the biggest losers today, going down by 7%.

DOGE/USD chart byTradingView

Despite the sharp decline, the rate of DOGE might have found the local support at $0.08750. If buyers can hold the price above that mark until the end of the day, there is a chance to see a bounce back to the $0.090 zone.

DOGE/USD chart byTradingView

The opposite situation can be seen on the daily time frame, as the price is again trading below the resistance level at $0.09055. If bulls cannot seize the initiative shortly, the correction may continue and lead to the test of the $0.085 area by mid-April.

DOGE/USD chart byTradingView

From the midterm point of view, the rate of DOGE has made a false breakout of the resistance at $0.09980. If the candle closes far from this level, there are low chances of seeing a continued rise as the meme coin might need more time to accumulate power for a further move.

Bitcoin (BTC) Price Analysis for April 5

In this case, consolidation in the range of $0.085-$0.095 is the more likely scenario.

DOGE is trading at $0.08983 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at