{"id":184627,"date":"2023-10-31T22:52:28","date_gmt":"2023-10-31T17:22:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/dogecoin-price-prediction-doge-tumbles-below-0-07-crypto-news\/"},"modified":"2023-10-31T22:52:33","modified_gmt":"2023-10-31T17:22:33","slug":"dogecoin-price-prediction-doge-tumbles-below-0-07-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-price-prediction-doge-tumbles-below-0-07-crypto-news\/","title":{"rendered":"Dogecoin Price Prediction: DOGE Tumbles Below $0.07 – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Dogecoin (DOGE) price is hovering below support\/resistance at $0.07 as the crypto market generally calms down following two weeks of bullish action. The largest meme coin joined in the bullish party triggered by the hype surrounding the potential greenlighting of\u00a0Bitcoin spot exchange-traded funds (ETFs)<\/span><\/a>\u00a0in the US.<\/p>\n

As the largest crypto climbed to highs around $35,000 last week, so did\u00a0Dogecoin price<\/span><\/a>, which according to market data from\u00a0CoinGecko<\/span><\/a>\u00a0has accrued 7.3% gains in 30 days, 13% in two weeks, and 2.3% in seven days.<\/p>\n

<\/p>\n

However, declines seem apparent on Tuesday during the US business hours with DOGE correcting by 2% in one hour and 3.6% in 24 hours to $0.0671.<\/p>\n

The bearish wave is not unique to Dogecoin, considering\u00a0Bitcoin price<\/span><\/a>\u00a0is down 0.9% to $34,297, Ethereum sliding by 1.2% to $1,793 and BNB is trading 1.7% lower on the day at $224.<\/p>\n

Cumulatively, the total market cap is trending lower by 0.8% to $1.31 trillion implying that the the strong market structure in October is beginning to weaken.<\/p>\n

<\/p>\n

Dogecoin Price Abandons Double-Bottom Pattern Breakout<\/h2>\n

Dogecoin price tested<\/a><\/span>\u00a0resistance at $0.072 and almost confirmed an expected double-bottom pattern breakout to $0.1 were it not for the prevailing overhead pressure.<\/p>\n

The loss of a tentative support at the 200-day Exponential Moving Average (EMA) (purple) could further weaken the technical structure resulting in a larger breakdown.<\/p>\n