As it continues to float above the $0.078 support, Dogecoin is in a downtrend. Bullish candlesticks above the current support level indicate a likely uptrend for the cryptocurrency asset. Bulls have bought the decline in the lower time frame, as evidenced by the extended tail. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing in funds.
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