The possibility of more price penetration at the support level!

DOGECOIN had a range trend over the past week. Price hits the intended resistance support levels, each with a reaction. Considering the strength of the previous bullish candles during the past weeks, if there are good signs of support in the current area, i.e., the range of $0.0900-0.0960, we can expect the price to grow and break the resistance of $0.100-0.110.

At the time of writing this analysis, these signs have not yet been seen on the price chart and the RSI indicator in the 4-hour timeframe. Therefore, there is a possibility of more price penetration at this support level. If selling pressure breaks this support, Dogecoin's decline could continue to the $0.080 range. The second support is a stronger range; we expect a better reaction from this area to retest the resistance levels.