Dogecoin Completes First August Death Cross: What to Watch Closely?

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Dogecoin completed its first death cross on short-term charts in August, with the 50 MA falling below the 200 MA on the hourly chart. Dogecoin’s price dropped 1.78% over 24 hours to $0.068, marking its fourth consecutive day of losses since August 3. Weekly active DOGE addresses jumped 16% from 38,000 to 44,000, while spot Dogecoin ETFs recorded their first net inflows since July 21 at $82,640. Support at $0.068 is being watched closely, with resistance in the $0.073 to $0.08 range.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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