DOGECOIN PRICE ANALYSIS & PREDICTION (April 8) – Doge Faces Sharp Rejection After Testing a Six-Month Low, Posts Gains
Dogecoin crashed to a six-month low yesterday after witnessing many roller coasters in the past months. However, due to a rejection, it has recovered well from the crash and now posts double-digit daily gains. Following a new drop from the $0.2 level two weeks ago, Doge resumed selling and broke down to a new multi-month low of $0.129 yesterday amid rising supply. Marking this level as support, a rejection occurred, and the price quickly recovered with a dragonfly candle close. That triggered a buy today and is now changing hands at $0.15. Closing today’s price with an engulfing bar could fuel a major move above last week’s high, facilitating a short-term retracement before sliding back. If such a retracement leads to another buying phase in the long term, the trend may reverse completely after fully recovering to the peak level, […]