- Dogecoin token over the monthly chart is struggling near its vital moving averages of 20, 50, 100, and 200-day lines.
- The crypto asset is presently trading flat, with no indication of significant momentum since the past few trading sessions.
- The pair of DOGE/BTC is trading at 0.000003852 BTC with an intraday dip of -1.31%, and the ratio of DOGE/ETH is CMP at 0.00006209 ETH with a 24-hour change of +1.76%.
Dogecoin token at the current situation was trading sideways and stuck between the vital moving averages of 20, 50, 100, and 200-day lines. Meanwhile, the volume activity is still lower and needs to improve enormously in upcoming trading sessions. Currently, the coin is trading flat with a slight recovery from lower levels, and volume activity is lower. Supporting volume activity will boost positive upside once the crypto asset manages to sustain above all DMA lines.
We can expect the next lap of the bullish move once the coin sustains above 100 and 200-days with support volume action. The bulls can push the token upto $0.3000 to $0.3400 in upcoming sessions, while downside support is $2175 and $0.2000. Support on the lower side is $0.2150 and $0.1940, whereas resistance on the higher side is $0.2730 and $0.2990.
Dogecoin token is showing a strong bullish sign, while formed a bullish engulfing candle
Dogecoin token at the weekly time frame is showing a strong bullish sign, while the coin has formed a bullish engulfing candle. At the 4-hour time frame, volume activity is lower and needs to improve, and the technical parameters are near the overbought zone. DOGE price is trading at $0.2600 with a minor intraday jump of +9.72%, and the volume to market cap ratio is 0.06187.
Relative Strength Index (CAUTION): Dogecoin token RSI is trading sideways after a strong recovery from the lower levels. The coin is trading bullish while it reaches the near-overbought zone and RSI at 73.
Moving Average Convergence Divergence (BULLISH): The daily chart indicates a bullish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) is overpowering the seller’s line (red) with a positive crossover.
Support levels: $0.2150 and $0.1940
Resistance levels: $0.2730 and $0.2990.