Dogecoin's Critical Support Level Analysis
- Importance of Support Level: Dogecoin is currently hovering around the $0.073 support level, where breaching this threshold could lead to greater losses, while maintaining it may set the stage for a rebound, indicating high market interest in its future trajectory.
- Short-term Recovery Signals: The TD Sequential indicator shows optimism for a short-term recovery, suggesting diminishing selling pressure; if Dogecoin can sustain a close above $0.073, it will further bolster bullish sentiment in the market.
- Long-term Trend Support: The $0.073 zone serves as a crucial foundation not only for short-term trends but also for maintaining Dogecoin's long-term ascending price channel, as historically this area has often preceded significant price accumulations.
- Future Market Expectations: If Dogecoin rebounds from $0.073, the target could be $0.11; however, failure to hold within the ascending channel may expose it to deeper declines, emphasizing the critical role of this support level in safeguarding Dogecoin's market structure.
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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 crypto.
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 | 0.0598 | 0.0647 | 0.0697 | 0.0745 | 0.0795 | 0.0844 | 0.0894 |
| Fibonacci | 0.0647 | 0.0684 | 0.0708 | 0.0745 | 0.0783 | 0.0806 | 0.0844 |
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