đ $DOGE is currently trading at $0.3621, experiencing a slight decrease of 0.04449% today.
Technical Indicators:
âą Relative Strength Index (RSI): The RSI stands at 59.7, indicating neutral conditions; the asset is neither overbought nor oversold. ïżŒ
âą Moving Average Convergence Divergence (MACD): The MACD is positive, suggesting bullish momentum. ïżŒ
Chart Patterns:
âą Cup and Handle Formation: On the weekly chart, DOGE has formed a âcup and handleâ pattern, a bullish indicator with a potential price target of $1.385. ïżŒ
Support and Resistance Levels:
âą Support: Key support levels are at $0.30 and $0.23. ïżŒ
âą Resistance: Immediate resistance is at $0.37, with a significant barrier at $0.46. ïżŒ
Conclusion:
Dogecoin is exhibiting neutral momentum with potential for upward movement. Traders should monitor the $0.37 resistance level; a breakout could lead to higher targets. Conversely, a drop below $0.30 may signal further declines. As always, consider your risk tolerance and conduct thorough research before making investment decisions.
