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DOGE Price Dips 2.3% to $0.236 – Where to Buy DOGE Dip

Dogecoin
Dogecoin

Dogecoin is currently the seventh-largest cryptocurrency in terms of market cap. At its current price, DOGE still stands at an over 10,000% gain since January, hence making it one of the best performing tokens so far. Even though market bears pushed dogecoin away from its all-time high, the token shows resilience and consolidation at current levels.

At the time of writing, dogecoin is trading at $0.236 on major exchanges after a 2.3% fall in 24 hours.

Dogecoin Price Analysis

Dogecoin Price Analysis July 6
Source: TradingView

Despite the ongoing downtrend, dogecoin seems to be maintaining its value at the current levels, an indication that volatility is not very high. Currently, dogecoin is trading at two critical support levels of $0.25 and $0.20.

If DOGE goes below $0.20, it might signal sharp bears, and a sharper downtrend might be reported. However, if DOGE reaches $0.25 and has an upswing past $0.27, it might signal bulls and a massive price rally.

At $0.27, dogecoin might trigger a buying spree from new traders who want to leverage the bulls, and if this happens, the next stop for DOGE will be $0.29 and maybe $0.30. however, going past this level might trigger a market correction shortly afterwards, and we might witness a price consolidation shortly after.

Nevertheless, there are no clear indicators to predict whether dogecoin will trend upwards or downwards. What might cause an intense price action is market support or lack thereof.

Dogecoin has bagged a significant milestone after becoming the fifth most traded cryptocurrency after Bitcoin, Ethereum, Tether, Binance Coin and Cardano. Such statistics show that dogecoin’s future in the mainstream financial market is inevitable. It also signals that if the market volatility cools off, prices might rise.

Meme Coins seem to be losing under the spotlight of Baby Doge Coin. Dogecoin, SHIB, Safemoon are just the few meme coins that are suffering under the growing fame of BABYDOGE. The fame of this new crypto does not seem to be dying down, and investors are now speculating that it might soon take over the place of its father, dogecoin. However, Baby Doge Coin may be a momentary hype that will die down after reaching exhaustion

Where to Buy DOGE

Dogecoin has one of the most robust technologies and support among meme coins. If you want to buy DOGE during the current dip, you can create a crypto exchange account on eToro. eToro is a reputable exchange that traders in many countries can access. Besides, eToro charges friendly trading fees and a variety of cryptocurrencies and trading pairs.

Looking to buy or trade Dogecoin (DOGE) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provide.

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