Benzinga – Crypto traders are cautious about Dogecoin‘s (CRYPTO: DOGE) prospects, citing uncertain price action, as the apex meme coin is down 6% on the day.
What Happened: One trader points to Dogecoin being below the resistance level and suggests waiting for an entry until it flips this level, suggesting to “play it safe, no risk here.”
Same as Bitcoin, $DOGE is still below this resistance so if you wait for an entry wait until we flip this level. Play it safe, no risk here. #DOGE https://t.co/3zKYNVXHbd pic.twitter.com/0QIoHNhXYY
— Sam Mti (@MTI_Trading) May 7, 2024
Price Action: At the time of writing, DOGE was trading at $0.1472, down 6% over the past 24 hours.
Also Read: Trader Who Made ‘Giga Wealth’ On Memes Reveals ‘Mememillions Playbook,’ Still Holds Most Of His DOGE
Why It Matters: IntoTheBlock data shows a 2.8%…
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