Dogecoin Drops to $0.141, Chainlink LINK Faces Downward Pressure
- Dogecoin Downtrend: Dogecoin (DOGE) has fallen back to $0.141 after failing to close above $0.1526, and if market sentiment does not improve, it could retreat further to $0.12, indicating a waning enthusiasm among investors for cryptocurrencies.
- Chainlink LINK Weak Performance: Despite Chainlink (LINK) having technology capable of partnering with top global firms, its price performance resembles that of an abandoned meme coin, currently reverting to a $12 base, with potential to revisit the December low of $11.93 if selling pressure intensifies.
- Market Volatility Impact: Bitcoin's price fluctuations have created short-term investment opportunities for DOGE and LINK, yet the ongoing lackluster trends have diminished investor confidence, leading to decreased market activity.
- ETF Channel Liquidity Issues: Although LINK had favorable conditions in the ETF channel, the absence of follow-up support and insufficient understanding from institutional investors have resulted in its price not reflecting its potential market value.
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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 3 technical signals, shows that 0 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 | 0.0433 | 0.0617 | 0.082 | 0.1 | 0.121 | 0.139 | 0.159 |
| Fibonacci | 0.0617 | 0.0764 | 0.0856 | 0.1 | 0.115 | 0.124 | 0.139 |
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