, at press time, was trading close to the lower line of its horizontal channel, within which it has trended since 13 April.
As for DOGE, the bears seemed to have created resistance at $0.17, while the bulls defended the coin’s price at $0.12 – Forming a long-term support.If the bulls fail to defend this support level, DOGE’s price could plummet to new lows on the charts. This would mean that the market has become overwhelmed by selling activity.
Still below zero at press time, DOGE’s weighted sentiment was -0.17. If the memecoin continues to be trailed by poor sentiment, it puts downward pressure on its price. This might cause it to fall below the support level.
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