Dogecoin price don recover pass $0.19 support, e dey eye $0.22 next
Dogecoin price drop reach low $0.189 afta e no fit hold di gain near $0.287 resistance for July. Buyers con enter close to $0.19 support an push di price back pass di 50-day simple moving average (SMA). If Dogecoin price fit break an hold high pass 50-day SMA, e fit try test resistance at $0.22 an den $0.26. But if e fall back below 50-day SMA, e go open di $0.14 support level. For di 4-hour chart, DOGE still dey below downward di moving averages, show say di overall trend still dey under pressure. Traders go dey watch key moving average levels to sabi wetin di next direction for dis popular altcoin go be.
Neutral
Even tho buyers don defend di $0.19 support and push Dogecoin price pass 50-day SMA, di altcoin still get resistance for $0.22 and $0.26. Historically, e dey bounce for long-term moving averages fit often cause am range-bound trading instead of clear breakout. For short term, dis recovery fit make bullish position ginger, but if e no fit pass di 50-day SMA, e fit cause am fall go back to $0.14. For long term, Dogecoin dey under pressure until e fit break key resistance levels well. Dis mixed outlook dey show say e get neutral impact, consolidation go likely happen till clear directional signal show.