Bitcoin's Big Impact on Dogecoin


As the dominant figure in the cryptocurrency ecosystem, Bitcoin's price fluctuations not only affect its own value but also serve as an indicator for other cryptocurrencies. Crypto analyst Kevin notes that Dogecoin is currently hovering around critical price points that could significantly change with Bitcoin's next decisive move. This interaction could push Dogecoin upwards and potentially target resistance levels around $0.40.
The price dynamics of Dogecoin indicate a struggle with a significant resistance zone marked by the macro-level Fibonacci extension. Kevin explains that if Bitcoin overcomes its own macro barriers, it has the potential to reveal further price increases for this resistance.
BTC-0,9%
DOGE-3,67%
NOT3,09%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)