DOGE Downtrend Comes to Rest After Bounce

[Rakin343]

Dogecoin (DOGE) has been moving downwards since reaching an all-time high price on May 8.
While it bounced and has broken out from a descending resistance line, the bullish trend reversal has yet to be confirmed.
DOGE drops after all-time high
DOGE reached an all-time high price of $0.737 on May 8. This was the culmination of a very significant bull run, in which the token increased by 54,890%.
DOGE has been moving downwards since. So far, it has reached a low of $0.163, doing so on June 21. The low was made right at the 0.786 Fib retracement support level. A bounce ensued afterwards, leaving a long lower wick in place. Despite the bounce, technical indicators are bearish. The MACD has given a bearish reversal signal, while the Stochastic oscillator has made a bearish cross (red icons).Source

[msz900]

Dogecoin (DOGE) has been moving downwards since reaching an all-time high price on May 8.
While it bounced and has broken out from a descending resistance line, the bullish trend reversal has yet to be confirmed.
DOGE drops after all-time high
DOGE reached an all-time high price of $0.737 on May 8. This was the culmination of a very significant bull run, in which the token increased by 54,890%.
DOGE has been moving downwards since. So far, it has reached a low of $0.163, doing so on June 21. The low was made right at the 0.786 Fib retracement support level. A bounce ensued afterwards, leaving a long lower wick in place. Despite the bounce, technical indicators are bearish. The MACD has given a bearish reversal signal, while the Stochastic oscillator has made a bearish cross (red icons).Source

Dogecoin is still not trusted and also the way Dogecoin market moves up and down, it has the chance to return to the old price of $0.001 or within $0.00 figure range.

[kent47400]

All cryptocurrency coins must have a very good time to continue to rise and fly in the sky and until this moment DOGE will be a coin that continues to be a legend in the cryptocrurrency environment.
This DOGE has a fast downtrend also because of the BTC factor which has the same direction because of the Downtrend, I think this is reasonable because DOGE is really wild and cannot be tamed to be stable.

[jonathancool220]

It is certain that the lower the price of DOGE, the more people will buy it and I am sure that DOGE is like having super bear power from its community and DOGE has many users in games that are played on various gambling sites.
Hope DOGE will be a good coin for the future because DOGE is like being a pioneer for Meme coins that already exist in the cryptocurrency market such as Shiba INU, Puppy Inu , Samoyed etc.