Dogecoin cryptocurrency can be expected to fall further to the next support level 0.8500 – target price for the completion of the active minor corrective wave iv.
- Dogecoin reversed from round resistance level 0.1000
- Likely to fall to support level 0.8500
Dogecoin cryptocurrency recently reversed down from the resistance zone between the strong round resistance level 0.1000 (former support from May, as can be seen from the daily Dogecoin chart below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse C May. The downward reversal from this resistance zone stopped the previous minor impulse waves 1 – that belongs to the intermediate impulse wave (3) from the end of July.
Given the weakening of the bullish sentiment across the crypto markets today and overbought daily RSI, Dogecoin cryptocurrency can be expected to fall further to the next support level 0.8500 – target price for the completion of the active minor corrective wave iv.