Doge USD Suspicious Range Causes Angst, Consolidation Grows dogecoin DogecoinToDollar Cryptos cryptotoday
After continuing to display solid upwards momentum earlier this week, Dogecoin has seemingly run into resistance the past day and is signaling consolidation. Speculators will have an important decision to make with their short term wagers regarding potential directions and need to remember that DOGE/USD has the capability of producing large percentage changes in the wink of an eye.
However the trading action from the past two days is beginning to show signs of eroding bullish action. The question is if this sudden loss of buying momentum is occurring while traders prepare for another additional push higher or more ominously – has the two week positive tone seen in DOGE/USD ready to actually get weak and reverse lower with gusto?
If DOGE/USD remains under the 16 cents value and is not able to sustain value above this juncture in the near term, this could cause nervousness to mount.
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