- Dogecoin price is placed near its make or break levels and falls below its all vital DMA lines.
- 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 0.000003676 BTC with an intraday dip of -2.26%, and the ratio of DOGE/ETH is CMP at 0.00004937 ETH with a 24-hour change of -1.25%
Dogecoin price at the monthly chart is trying to hold its support zone after falling below all vital moving averages. Moreover, the volume activity at the chart is lower, which needs to grow strongly in upcoming trading sessions. The bulls are now trying to grip the crypto asset, as the coin is near the make or break zone. Since the past few trading sessions, the coin has been making lower highs and lows sequence with a bearish rally.
Volume activity at the monthly chart is lower and needs to grow strongly for the upcoming bounce back. Support on the lower side is $0.1840 and $0.1710, whereas resistance on the higher side is $0.2300 and $0.2600.
Dogecoin token is heading lower, while technical parameters are reaches under the oversold zone
Dogecoin token over the 4-hour time frame is heading lower, while technical parameters are reaches under the oversold zone. Moreover, after a sharp decline, no fresh short is recommended, and it can bounce back. The digital asset witnesses slight buying action from the lower levels and is now trying to rebound. DOGE price is trading at $0.1970 with an intraday fall of -9.06% and the volume to market cap ratio at 0.08369.
Relative Strength Index (BEARISH): Dogecoin token RSI is heading towards the lower or oversold zone at the weekly chart. In contrast, the coin trades lower near the lower area and projects no sign of solid recovery, RSI at 25.
Moving Average Convergence Divergence (BEARISH): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the seller’s line (red) overpowers the buyer’s signal line (green) with a negative crossover.
Support levels: $0.1840 and $0.1710
Resistance levels: $0.2300 and $0.2600.