<!–<\/p>\n
![\"DOGE](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/20025052\/cWD9YV88-e1692480080365.png\")
<\/div>\n–><\/p>\n
Published 10 mins ago <\/p>\n
<\/a> DOGE Price Analysis: Amidst the growing bearish sentiment in the cryptocurrency market, Dogecoin has undergone a corrective phase after hitting a high of $0.0838. The V-top reversal registered a 24% loss in the last two weeks and is currently trading at a price of $0.0738. With no major sign of reversal, this popular memecoin<\/a> could witness further downfall.<\/span><\/p>\n <\/p>\n Also Read: New Whale Transfers $16 Million Worth Of DOGE From Robinhood<\/a><\/p>\n A V-top reversal is often marked by aggressive selling pressure in the financial market. The Dogecoin downfall backed by increasing volume indicates additional confirmation of sellers\u2019 conviction to chase lower prices.<\/span><\/p>\n As of now, the DOGE price<\/a> is wobbling above local support of $0.056, witnessing demand pressure from the discounted prices. After a sharp drop, the coin price is likely to show short consolidation to recuperate the selling momentum.<\/span><\/p>\n If the market trend remains bearish Dogecoin sellers could attempt to break the last swing low of $0.0533. This breakdown will signal a continuation of the prevailing downfall, potentially pushing the price back to $0.049, followed by $0.041.\u00a0<\/span><\/p>\n <\/p>\n On August 17th, Dogecoin printed a long-bearish candle in response to the Bitcoin dip. If the coin manages to sustain above $0.0533, the buyers must breach the high of the aforementioned candle which is $0.838. This breakout will bolster buyers for a 32% upswing to challenge the $0.0838 mark.<\/span><\/p>\n \n Share this article on:<\/p>\n –><\/p>\n From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com <\/p>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n
\n <\/a>
\n
\n![\"coingape\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"){kind=logo}
\n<\/a>
\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\nDogecoin Daily Chart: Key Points<\/b><\/h2>\n
\n
![\"DOGE](\"https:\/\/s3.tradingview.com\/snapshots\/c\/cWD9YV88.png\")
Source-Tradingview\u00a0<\/span><\/p>\nCan Dogecoin Rise Back to $0.0838?<\/b><\/h2>\n
\n
\n <\/a>
\n
\n
\n<\/a>
\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n![\"\"](\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&d=mm&r=g\")