Dogecoin (DOGE) price recently suffered a steep price drop which has traders focused on its immediate market response.
Market analysts established important price levels for short positions. Dogecoin lost more than 40% of its value during the previous month.
Some market experts expect volatility to rise but other analysts see potential for a sustained upward price movement.
Analysts Set Short Targets for DOGE Price
Dogecoin traders may be looking for a short position in the key levels identified by market analysts.
According to technical analysis, the DOGE has made downward momentum, causing some analysts to issue sell signals.
TradingView analyst pullback signal is showing that traders can use this as an opportunity to enter short positions with a $0.217 stop loss.
Potential profit-taking levels for short trade are: $0.179, $0.163, and $0.144.
In addition, the movement of these targets is determined by technical indicators like Fibonacci retracement levels, RSI, movi
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