DOGEUSD Fresh Lows May Cause Havoc for Speculators dogecoin DogecoinToDollar cryptotrading
. However, things have taken a turn for the worse in early trading today and among them Dogecoin has suffered.
DOGE/USD is testing the lowest realms of its values and is hovering slightly over values seen on the 22of January when it traded slightly below 12 cents momentarily. The ability of DOGE/USD to once again flirt with these low values is certainly causing problems for some speculators who perhaps bought DOGE/USD with a long term hold outlook and are likely growing nervous.
However, the current bearish trend of DOGE/USD doesn’t show much capability to suddenly ignite upwards. In fact, if Dogecoin were to sink below its lows seen exactly one month ago, this might trigger more panic selling among its speculative backers.of February, DOGE/USD was trading near 17 cents as it achieved a rather strong reversal higher after January’s large selloff.
Volatility has always been part of DOGE/USD and its trading environment now offers the capability to see large changes in value within a short amount of time.
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