- Dogecoin token is placed above its all vital moving averages of 20, 50, 100, and 200-day lines while looking at a positive chart pattern.
- The crypto asset at the monthly chart is trying to move higher, but the volume activity at the chart is lower and needs to grow strongly.
- The pair of DOGE/BTC is trading at 0.000004315 BTC with a minor intraday gain of +1.26%, and the ratio of DOGE/ETH is CMP at 0.00005993 ETH with a 24-hour change of +4.75%
Dogecoin token at the monthly chart is trying to move higher and is currently placed above all vital moving averages. Moreover, the volume activity at the chart is creating divergence with the price bullish price structure. The bulls are now trying to grip the crypto asset, although the coin was in bullish momentum with good buying interest from lower levels. Since the past few trading sessions, the coin has been making higher highs and lows sequence with a positive rally.
Volume activity at the monthly chart is lower and needs to grow strongly for the next lap of a bullish rally. Support on the lower side is $0.2400 and $0.2140, whereas resistance on the higher side is $0.3200 and $0.3600
Dogecoin token technical parameters are reaches under the overbought zone
Dogecoin token over the 4-hour time frame is heading higher, while technical parameters are reaches under the overbought zone. After a decisive buying action from lower levels, the coin is placed near its caution levels for bulls. The digital asset witnesses intense buying action from the lower levels and now trying to sustain at the higher levels. DOGE price is trading at $0.2830 with an intraday rally of +8.06%, and the volume to market cap ratio is 0.08481.
Relative Strength Index (CAUTION): Dogecoin token RSI is trading near the overbought zone at the weekly chart. In contrast, the coin trades near the overbought area and projects a slight caution with longs, RSI at 71.
Moving Average Convergence Divergence (CAUTION): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red).
Support levels: $0.2400 and $0.2140
Resistance levels: $0.3200 and $0.3600