DOGE Price analysis:- The price is near the support, will the bulls able to make a Comeback with MACD showing buy signal ?

• The trading volume of DOGECoin in the last 24hr at the time of writing this article is -24%
• The price of DOGE/BTC and DOGE/ETH at the time of writing this article is 0.00001869BTC and 0.0002566ETH, respectively 
• 50MA below the 100MA, and the MACD tells sell signal

Long term view:- 

In the daily chart time interval, we can see the bears are taking control of the price and driving it down. Also, the price is near the support now we can see the bulls are also putting pressure on the bears. Let’s look at the technical analysis to see if the price will sustain on the support or the bears will break it. First, we can see the MACD, which shows red histograms, which means the MACD line has crossed the signal line and started showing red histograms, a bearish signal. In addition to that, we can see the RSI is in the neutral zone near 49. Also, the RSI line points sideways, which means the bulls and bears are giving each other a good fight. Lastly, we can see the moving average as the 20MA is above the 100MA. Also, the 20MA is above the 50MA, but the 50MA is below the 100MA, which is a bearish sign. 

Short term view:- 

In the 4-hour time interval, we can see the 20MA acting as a resistance, which means the price cannot break the 20MA. The MACD also shows red histograms as the MACD line is below the signal line, but the MACD line is very close to the signal, and they may cross soon depending on the volume. In addition to that, we can see the RSI, which is in the neutral zone near 46, and the RSI line is pointing toward the overbought zone of 70, which means bulls are winning the fight against the bears. Lastly, we can see the Moving average as the 20MA has crossed the 100MA, which is a bearish sign, and the 50MA is also heading towards the 100MA and may cross soon. 

Conclusion:- 

Looking at both long-term and short-term, we can see the price is near the support and may bounce back if the bulls keep the pressure on the bears, as we can see the RSI pointing towards the overbought zone of 70. Also, the MACD line is very close to the signal line, so they can cross soon, which will be a buy signal for the bulls. 

Resistance:- $0.2769, $0.2888

Support:- $0.2420,$0.2255