Guys, DOGE is at 0.0662 now, its lowest closing price in a year.
First, I’ll admit I was wrong. In my October 27 post, I said it was going to move up, and that I’d be wrong if it fell below 0.075. Well, it broke below 0.075 a while ago. It’s dropped 14% from 0.077 back then to where it is now. I got this one wrong.
It’s been rough all week. It peaked at 0.073 on the 7th and has been sliding ever since. When Bitcoin dumped last night, DOGE followed, falling to 0.065.
Trading volume went from $400 million to nearly $600 million. It’s dropping on higher volume, so people are genuinely selling.
I’m turning bearish. 0.0675 is the 24-hour high; don’t talk about a rebound unless it can get back above that. If 0.065 breaks, the next level to watch is the round number 0.06.
Dogecoin is a leveraged play on Bitcoin. If Bitcoin hasn’t stopped falling, DOGE isn’t going to rise first. Once Bitcoin finds a bottom, I’ll let you guys know right away. #DOGE $DOGE
First, I’ll admit I was wrong. In my October 27 post, I said it was going to move up, and that I’d be wrong if it fell below 0.075. Well, it broke below 0.075 a while ago. It’s dropped 14% from 0.077 back then to where it is now. I got this one wrong.
It’s been rough all week. It peaked at 0.073 on the 7th and has been sliding ever since. When Bitcoin dumped last night, DOGE followed, falling to 0.065.
Trading volume went from $400 million to nearly $600 million. It’s dropping on higher volume, so people are genuinely selling.
I’m turning bearish. 0.0675 is the 24-hour high; don’t talk about a rebound unless it can get back above that. If 0.065 breaks, the next level to watch is the round number 0.06.
Dogecoin is a leveraged play on Bitcoin. If Bitcoin hasn’t stopped falling, DOGE isn’t going to rise first. Once Bitcoin finds a bottom, I’ll let you guys know right away. #DOGE $DOGE
