causing anxiety among investors đŹ.
*Key Observations* đ:
- *50-day EMA Support*: DOGE is resting on the 50-day EMA, which has historically acted as a support level đĄïž.
- *Decreased Trading Volume*: The recent drop was accompanied by a 40% decrease in trading volume, indicating a lack of conviction đ.
- *Bottom Getting Higher*: The current low of $0.23 is higher than the previous month's low, suggesting secret buying đ.
- *RSI in Neutral Zone*: The RSI is stuck at 45, indicating no extreme buying or selling pressure âïž.
- *200-day MA Support*: DOGE is still above the 200-day MA, which is a key indicator of market sentiment đ€.
*Key Levels to Watch* đ:
- $0.25 Stabilization: A stabilization at $0.25 would indicate losing momentum for the short-term drop đ.
- $0.28 Checkpoint: A push back to $0.28 would be a key indicator of potential upside potential đ.
*Stay Patient* â°: By monitoring key lines and indicators, you can make more informed trading decisions and avoid emotional trading đĄ.
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