Dogecoin (DOGE) Navigates Narrow Range: A Short Opportunity Awaits?

After a sharp price movement last Saturday (June 10), Dogecoin (DOGE) began to persist within a small price region on a four-hour chart. From the past weekend to the time of writing, DOGE has been oscillating between the 23.6% ($0.05779) and 50% ($0.06316) Fibonacci levels. As a weak Bitcoin (BTC) treads below $25,000, a continuation of DOGE’s sideways action could potentially whet investors’ appetite for a short opportunity. Dogecoin’s Target Price The Fibonacci correction tool (yellow) was positioned between the low peak of June 5 and the low swing of June 10. According to the tool, DOGE is consolidating between the 23.6% ($0.05779) and 50% ($0.06316) Fibonacci levels. At the time of writing, the price movement is nearing the high range and the $0.06316, 50% Fibonacci level. Also, the general four-hour market structure was in a downward trend. Thus, a possible price rejection could push DOGE to retest the low/$0.05779, […] The post Dogecoin (DOGE) Navigates Narrow Range: A Short Opportunity Awaits? appeared first on COINTURK NEWS.