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#GateMeme


Recently, $DOGE has fallen by 2.62% in the last 24 hours, currently hovering around $0.0836. I'm currently neutral-to-bearish in the short term.

My main reason is the visible rejection we saw on the daily chart. After the local top at $0.11854, DOGE plummeted to a bottom of $0.06736. We recently saw a relief bounce, but it got firmly rejected around the $0.10 level. Looking at the indicators, price is now trading below the EMA10 ($0.08598) and is sandwiched right around the EMA30 ($0.08318). The MACD is also showing negative momentum with the histogram sitting at -0.00076 and OBV trending downward, which suggests the buying pressure hasn't returned yet.

Next, I'll be watching the $0.083 support level very closely. This aligns with the EMA30 and is the last line of defense before a potential slide down to the lower Bollinger Band at $0.07966. On the upside, DOGE needs to reclaim the $0.086 resistance (EMA10) to invalidate this bearish bias and potentially retest the $0.093 upper Bollinger Band.

Where do you see DOGE heading next? 👇
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DOGEDOGE-2.03%


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ThisIsTranslateContent:
11 minutes ago
Is now a good time to add to your position?
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ThisIsTranslateContent:
11 minutes ago
How much further can this rally go?
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CryptoMishu
an hour ago
How much upside is left ?
0
CryptoMishu
an hour ago
Interesting 👀
0
CryptoMishu
an hour ago
First Review
LFG 🔥
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