Dogecoin Investors Should Expect These Levels Now!

Dogecoin price remains under bearish pressure as DOGE bulls await lower entry levels. According to the analyst, Dogecoin price could still correct 15% before seeing the buying action of the bulls. As previously reported, DOGE price has corrected 40% from October high and still has more downside potential.

Will the fix for Dogecoin last?

Dogecoin (DOGE) hasn’t exactly been in a good spot lately, as the price action is even more bearish. The bears continue to enter key support levels and turn them into resistance. Meanwhile, the bulls are waiting for the right moment for the headwinds to subside before starting to form a long position in the DOGE price action. Expect the bears to run the DOGE price devaluation 15% lower, possibly around $0.20 before the bulls step in, according to analyst Filip L. At this level, you can expect to see a large potentially bullish buying move next week.

DOGE/USD daily chart

According to the analyst, DOGE price can now be expected to rally around $0.19-0.20 by the bulls. And since bears will want to make some profit, both buyers and sellers will want to buy Dogecoin coins, so one can expect buy-side activity to double demand. This will translate into a quick reversal and bullish run towards the red and green trendlines, currently ranging from $0.24 to $0.22. Once the Dogecoin bulls rally in that area, expect some quick price action as the bears try to step in once again. Meanwhile, the bulls will try to reclaim $0.26 based on tails and headwinds showing up next week.

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