๐น DOGE/USDT (4H Chart) Technical Analysis
๐ Price Action:
Recent low: 0.18845 (strong support zone)
Current price: 0.19569 โ showing a small rebound from the support level.
๐ Indicators:
1. RSI (6):
Currently at 36.19 โ Close to the oversold zone. This indicates a potential upward move if buying pressure increases.
2. MACD:
Still negative (-0.00046), but starting to flatten out. This suggests a possible bottoming pattern forming, though confirmation is still needed.
3. Candlesticks & Volume:
A small green candle has formed after a long downtrend โ Indicates light bullish pressure building.
๐ Conclusion (Short-Term Outlook):
The price is rebounding from a key support.
RSI is rising from oversold levels.
MACD is neutral but improving.
๐บ If DOGE breaks above 0.198โ0.200, expect potential upside movement toward 0.203โ0.210.
๐ป If it drops below 0.188, next support could be around 0.185โ0.180.