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# DOGE:
327
ElaouziCrypto
DOGE Path Update:
A critical test of demand zones
The price of Dogecoin is currently trading within a general downtrend on the daily timeframe.
However, it has reached a key demand zone between $0.13 and $0.14. The coin's ability to hold above this zone could pave the way for a rebound targeting levels of $0.17 and $0.20.
Conversely, a daily close below $0.13 will open the door for further decline toward lower support levels that could reach $0.11.
The current situation requires close monitoring of daily closes; breaking the $0.13 zone means the bears are still in control.
But any rebound from
A critical test of demand zones
The price of Dogecoin is currently trading within a general downtrend on the daily timeframe.
However, it has reached a key demand zone between $0.13 and $0.14. The coin's ability to hold above this zone could pave the way for a rebound targeting levels of $0.17 and $0.20.
Conversely, a daily close below $0.13 will open the door for further decline toward lower support levels that could reach $0.11.
The current situation requires close monitoring of daily closes; breaking the $0.13 zone means the bears are still in control.
But any rebound from
DOGE-1,38%
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