DOGE Price Prediction for June 26

More cryptocurrencies are in the red zone today compared to yesterday, according to CoinStats.

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DOGE chart by CoinStats

DOGE/USD

The price of DOGE has dropped by 0.84% over the last day.

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Image by TradingView

On the hourly chart, the rate of DOGE is approaching the local support of $0.1635. If it breaks out, the fall is likely to continue to the $0.16 range. Such a scenario is relevant until tomorrow.

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Image by TradingView

On the bigger time frame, the price of the meme coin has made a false breakout of the formed resistance of $0.1677.

If the daily bar closes far from that mark and with a long wick, the decline may continue to the $0.1550-$0.16 zone.

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Image by TradingView

From the midterm point of view, the price of DOGE is rising after a bounce back from the support of $0.1411. However, there are low chances of seeing a sharp rise as not enough energy has been accumulated yet. In this case, sideways trading in the range of $0.16-$0.18 is the most likely scenario.

DOGE is trading at $0.1645 at press time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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