- Dogecoin price is failing to hold its ground, leading to the breakdown of crucial support levels.
- Ric Edelman asked investors to ignore DOGE during a recent discussion.
- If the meme coin fails to produce a decisive 4-hour candlestick close above $0.187, the bullish thesis will face invalidation.
Dogecoin price structure is worsening as it slides below key support areas. If this continues, investors can expect DOGE to sell off until it finds a stable demand barrier.
'Scam' and 'joke'
Ric Edelman, the founder of Edelman Financial Engines, spoke with Yahoo Finance Live about cryptocurrencies. He stated that investors should pay more attention to Bitcoin and Ethereum but added that investors should “ignore” Dogecoin.
He mentioned that it was nothing more than a joke and a scam, and it is “something that ends very badly.”
On the other side of the fence, “Dogecoin Millionaire” Glauber Contessoto stated that he would be accepting payments in DOGE. He posted a tweet on July 6 that confirms the same.
One thing about me is I’ma walk that talk baby. #dogecoin #buythedip pic.twitter.com/SNuOBm7SBR
— SlumDOGE Millionaire (@ProTheDoge) July 6, 2021
