$DOGE
📊 DOGE Technical Summary (Daily Chart)
🐶 Current Trend
Dogecoin is in a bearish trend on higher timeframes — price is below major EMAs (like 50 & 200), indicating selling pressure remains dominant. RSI also has been in oversold territory, which sometimes suggests exhaustion of sellers but doesn’t guarantee a bounce. �
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📌 Key Chart Levels to Watch
🔹 Support Zones
$0.103–$0.100 – short-term support where buyers may step in. �
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$0.1375–$0.1350 – recent low support if current range extends downward. �
MEXC
$0.1320 – critical defense zone; a breakdown could accelerate decline. �
MEXC
🔸 Resistance Levels
$0.1410 – first resistance near broken 23.6% retracement. �
MEXC
$0.1450 – major resistance (50% retracement, trendline). �
MEXC
$0.1480–$0.1495 – next resistance if buyers return. �
MEXC
📈 Indicators View
RSI: Deeply oversold on daily charts, suggesting selling pressure may be exhausted and bounce could occur. �
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MACD: Still bearish; needs a bullish crossover to confirm recovery. �
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Moving Averages: Price stays below major EMA/SMA → bearish trend. �
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📉 What the Chart Suggests
🟢 Bullish Scenario
If DOGE gains strength above $0.1450–$0.1480 resistance with volume:
Next upside targets: $0.1550–$0.1620 zone. �
MEXC
A break above could shift sentiment toward short-term bullish momentum.
🔴 Bearish Scenario
If price fails to hold $0.1350–$0.1320 support:
Lower test may be $0.100–$0.105 area. �
CoinLore
Continued sellers could keep pressure higher