Dogecoin did not have time to bark even louder as the Doge price continued to plummet more than 50% in Wednesday's trading yesterday. It can be seen that the price decline on the DOGE/USDT chart has passed the SBR (support become resistance) level around $ 0.35- $ 0.45.
Dogecoin continued to decline to a low of $ 0.20 after making an aggressive move in early January seeing the price soar over 16,000% in just 5 months!
The next expectation is that Dogecoin will test the RBS (resistance become support) zone around the $ 0.20 price again before the expectation to continue higher.
But on the other hand if the price decline continues, the $ 0.10 price level will be tested first as a determinant of whether the price will skyrocket higher or will make a plunge to lower levels.
If the price continues to make lower declines, the $ 0.05 price level will be the main focus to test. The price level was a hard -to -break price level previously in January and March trading, before making a violent leap up to the price level approaching $ 0.80 at the April and May market openings.
Yesterday, Tesla CEO Elon Musk also made the latest post in his InstaStory @elonofficiall asking “Guess my favorite” is it Doge or Bitcoin?
There is uncertainty in the crypto market as to whether the posting will have an impact on the current price movement of Dogecoin.