Dogelon Mars (ELON) Price Analysis & Prediction (Nov 6th) – ELON Halts Bullish Rally As Dogecoin’s Volatility Drops - The VR Soldier

Dogelon Mars – ELON continued to amusement a batch of weakness aft failing to widen bullish actions supra the $0.0000006 level. Due to a bid of terms rejections, the meme coin is present trading astir the $0.000043 important enactment arsenic it prepares for a caller decrease.

After Elon saw a monolithic summation to scope the $0.00000266 level – the existent all-time precocious – the terms fell and continued to grounds losses owed to the abrupt dip that deed the full marketplace past year. This driblet led to months of symptom for hodlers.

In precocious October, the terms abruptly accrued aft recovering from the agelong bearish information arsenic it regained momentum pursuing an awesome maturation of implicit 100% successful conscionable 6 days. This terms maturation was owed to the surge successful Dogecoin’s price, which arsenic good impacted the wide crypto marketplace positively and hugely. Now that Dogecoin’s volatility has precocious dropped, Elon is present losing momentum.

At property time, the terms is down by astir 14.87% implicit the past 7 days aft witnessing a bid of rejections arsenic exhaustion acceptable successful from the bull’s side. Although the inclination is inactive looking bullish connected the regular chart.

But the bears mightiness summation power if the bulls neglect to support the $0.00000023 level, presently acting arsenic the yearly support. A specified script mightiness reactivate the agelong bearish trajectory that started successful mid-2021.

Elon Price Analysis (LUNCUSDT) On 4-Hours Chart

Source: Tradingview

Looking astatine the bearish signifier connected the 4-hour chart, the aggregate candle wick suggests that the sellers are lurking astir the corner. The large people present is the $0.000000377 enactment level. If the terms drops, the adjacent enactment levels to ticker are $0.000000295 and $0.000000269, respectively.

Elon bulls are presently weak. If they amusement a absorption to the existent terms actions, we tin expect a retest astatine the $0.0000005 level wherever the achromatic absorption enactment is forming. An summation supra this absorption enactment would trigger a caller summation toward the erstwhile $0.00000058 absorption level. We tin past ticker retired for a higher absorption level astatine $0.00000063.

Key Resistance Levels: $0.0000005, $0.00000058, $0.00000063

Key Support Levels: $0.000000377, $0.000000295, 0.000000269

• Spot Price: $0.00000043
• Trend: Bullish
• Volatility: Moderate

Disclosure: This is not trading oregon concern advice. Always bash your probe earlier buying immoderate cryptocurrency oregon investing successful immoderate projects.

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Image Source: Sajad Nori connected Unsplash // Image Effects by Colorcinch