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DOGE Price Analysis for January 25

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Wed, 25/01/2023 - 18:30
DOGE Price Analysis for January 25
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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DOGE/USD

DOGE is one of the biggest losers today, falling by 4.62% over the last 24 hours.

DOGE/USD chart by TradingView

On the local chart, DOGE is feeling bearish as the price is located near the support level at $0.08267.

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If buyers cannot seize the initiative until the end of the day, there are chances to see a breakout, followed by the drop to the $0.081-$0.082 zone tomorrow.

DOGE/USD chart by TradingView

On the bigger chart, the situation is different. The rate has made a false breakout of yesterday's low at $0.08210. Until the price is above that mark, one can expect a correction to the middle of the channel in the $0.088-$0.09 area.

DOGE/BTC chart byTradingView

The rate of DOGE keeps falling on the daily time frame against Bitcoin (BTC). Possible growth is possible only if buyers restore the price above the 0.0000040 mark.

DOGE is trading at $0.08326 at press time.

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