DOGE Technical Analysis: The End Of The Correction Is Not Visible Yet

DOGE cryptocurrency has been asleep for more than half a year. This volcano worked well until May 2021. However, after setting its highs from mid-May on the weekly timeframe, you can see a gradual correction in the DOGE price. During this correction, trading volumes are low and there are no signals to complete this stage in the DOGE market yet. There is one small hint. As we can see, the DOGE price is moving in a clear corrective channel of the fall. Though, in recent weeks, market participants have begun to reduce the range of price movements. Thus, the DOGE price began to be traded in a narrow wedge. It is becoming increasingly difficult for sellers to update local lows. And buyers are not ready to start the active phase of growth and buy DOGE at market prices. https://www.tradingview.com/x/6oIv8WTi/ Therefore, in the near future we expect a shot of DOGE cryptocurrency up. The main condition for this scenario is to keep the mark of $0.1. In the implementation of this scenario, we will expect a price rebound to $0.26. However, this jump will not mean that the downward trend is over. It should be borne in mind that while the $0.26 mark under the control of sellers, the probability of a new fall wave remains high. Technical Analysis Of DOGE On The Daily Timeframe https://www.tradingview.com/x/ZtAkQYoK/ Analyzing the movement of the DOGE price on the daily timeframe, we can see that buyers have not yet been able to reach the top...