hi friends now the current price of doge coin is very low and i want to invest in doge coin. So please i need your suggestion that i need to invest my money in this coin or not? And now the price of 1 doge is 31 sat please give me suggestion.
Looking at the Dogecoin chart, its been having a pretty cyclic price action pattern versus Bitcoin. In the past 5 years, the DOGE/BTC pair has generally been bouncing up and down between the support level shown in purple, and the resistance level shown in green. With that, medium-term traders with moderate risk tolerance could consider creating a strategy around this pattern, for example buying at support and taking profit at resistance or vice versa. Of course, any type of investing involves risk and you should only invest the money you can afford to lose in the crypto market.