Market Technical Analysis by RoboForex

[RBFX Support]

Dogecoin maintains upward momentum thanks to network development

DOGEUSD is strengthening its position thanks to the development of its own ecosystem, but the outflow of institutional capital is limiting further growth. 

Technical outlook

The Dogecoin price is rising, but quotes remain below the EMA-65, indicating continued selling pressure. Today’s forecast for Dogecoin suggests the completion of the current bullish correction, followed by a renewed decline towards 0.06550.

The Dogecoin price forecast suggests the completion of the current bullish correction, followed by a decline towards 0.06550.

Read more - DOGEUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team