Crypto Market Update (September 22): Bitcoin Falls Below $113K as Prices Correct Across the Board
Market Downturn: The cryptocurrency market has seen a significant decline, with a total market value of $3.89 trillion and Bitcoin trading at $112,667, down 2.65%, while Ethereum dropped 6.40% to $4,187.
Trading Volume and Altcoin Performance: High trading volumes indicate strong selling pressure, with most major altcoins experiencing substantial losses; Dogecoin fell 10%, and Solana dropped 7.22%.
Market Sentiment: The Fear and Greed Index is at 47, suggesting a neutral sentiment leaning towards fear, while the Altcoin Season Index remains at 62, indicating potential performance advantages for altcoins over Bitcoin.
Investor Confidence: Despite the downturn, some trending coins show gains, highlighting speculative opportunities, and the market is in a corrective phase rather than a panic sell-off, as traders monitor new support levels.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0629 | 0.0817 | 0.0988 | 0.118 | 0.135 | 0.154 |
| Fibonacci | 0.0629 | 0.0766 | 0.0851 | 0.0988 | 0.113 | 0.121 | 0.135 |
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