Another Steep Drop In Price

Analyzing DOGE's current status, it's trading below the 0 Fibonacci level after a notable decline. In its strong support zone, breaching this may lead to another substantial price drop.

1/10/20241 min read

DOGE's chart indicating trading below 0 Fibonacci level, highlighting the strong support zone and po
DOGE's chart indicating trading below 0 Fibonacci level, highlighting the strong support zone and po

As observed, DOGE is presently trading below its 0 Fibonacci level, following a significant price fall last week. It has entered its robust support zone. If this zone is breached, it will likely encounter another steep drop in price. You can see the next valid support on the chart.