Dogecoin May Stay Down for a Longer Time, Buy Tamadoge Today

Dogecoin

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Categories: Cryptocurrency

Dogecoin May StayDown for a Longer Time, Buy Tamadoge Today

Dogecointrended downwards after it stroke a resistance level near $0.08540. Thedowntrend abated when price action reached what seems to be another strongsupport around $0.06780. However, this support is still holding, but it looksas if buyers lack the power to take the DOGE/USD value up. Let’s consider thesigns in this market critically.Dogecoin Is not Ready for an Upside gain,the Basis for Tamadoge is Bullish.

Looking atthe DOGE/USD daily chart portrays the buyers as too weak to initiate anUptrend. Even after the Stochastic Indicator curves have gotten to the oversoldarea, and have crossed each other, still price action seems unready to bounceupwards. Also, the EMA lines have yet delivered another cross while above theprice action. Consequently, this is signaling that the value of thiscrypto might fall even further. Eventually, this causes the StochasticRSI to stay on for a significant amount of time in the highly sold region, asthe price continues to fall.

DogecoinValue Analysis: DOGE/USD May only Claim Minimal Profits

Consideringthe DOGE/USD 4 -hours chart, we perceive that the last candle here is bullish.Consequently, this may be showing that the price of Dogecoin may experiencesome minimal gain. Furthermore, the effect of buyers is what we are witnessingin this much smaller time frame.

Another signbacking the mentioned minimal gain is the one from the SRSI indicator. On thisIndicator, we can see that curves here have reached the highly sold region. Furthermore,this curve attempted to indicate a downward, as these lines are facingdownwards. However, it can be perceived that the faster line seems tobe correcting toward the slower one. This might be indicating a possible upsidecorrection. This may eventually lead to Dogecoin’s price reaching around$0.06900, which is still just a minimal gain.

Tocontribute to the Tamadoge fundraise, interested parties will need to connectwith their crypto wallets, such as MetaMask or Trust Wallet, atbuy.tamadoge.io. The TAMA token can be bought with USDT or ETH. Tamadoge runson the Ethereum blockchain, the No.1 decentralised application computingplatform.

Once again, price is holding above the Tamadog line. This has historically been a bullish indicator and suggests that prices could continue to rise in a sustained fashion.

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