Here is the graph of the DOGE cryptocurrency for the last 2 years.
The downward trend in the price of DOGE has been going on for 17 months and speculative interest in this manipulative coin has most likely disappeared for many.
But on the other hand, there are probably many investors who are stuck in this coin and the deposit is now in the draw.
Most likely, this idea is primarily for them.
From June 2022, i.e. 5 months, the DOGE cryptocurrency is consolidating in the liquidity zone of $0.04-0.08. It was in this liquid zone at the beginning of 2021 that the DOGEUSDT price consolidated before the final +1400% pump in 2021.
And today, DOGECOIN buyers are trying to break the falling upward trend line.
However, it is too early to rejoice, a strong and liquid level around $0.085 is in the way of buyers.
Buyers will not be able to overcome this milestone more than the first time.
If you have a long DOGE cryptocurrency, you should be very careful as the price approaches $0.085, because in the future a correction to the $0.065 area may begin
So, in our opinion, it is safe to long DOGE either from $0.065 or after the price of DOGEUSDT can be firmly fixed above $0.085
The medium-term target for DOGECOIN price growth is $0.125-0.135
