Dogecoin Maintains $0.13 Support as Double-Bottom Pattern Emerges
Price Stability: Dogecoin (DOGE) has maintained a strong support level at $0.13, indicating potential buyer interest and a possible bullish reversal as selling pressure appears to be waning.
Technical Patterns: A developing double-bottom pattern suggests that sellers are losing momentum, but confirmation of this pattern requires a break above the Point of Control (POC), which is crucial for validating a bullish outlook.
Resistance Levels: If DOGE successfully reclaims the POC and holds above it, a rise towards the $0.17 resistance level is likely, which is significant due to its previous resistance status and the presence of resting liquidity.
Market Influence: Broader market conditions, particularly the sentiment surrounding Bitcoin, will significantly impact DOGE's price trajectory, with a confirmation of the double-bottom pattern needing supportive volume and bullish price action.
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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 | 0.036 | 0.058 | 0.0812 | 0.103 | 0.126 | 0.148 | 0.172 |
| Fibonacci | 0.058 | 0.0753 | 0.086 | 0.103 | 0.121 | 0.131 | 0.148 |
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