sell
Dogecoin Falls Below $0.18: Bearish Momentum and Key Levels to Watch
Dogecoin (DOGE) has declined in value, falling below the $0.18 mark against the US dollar. Currently, the meme coin consolidates its losses, showing potential for recovery if it manages to break through the $0.180 level. DOGE dropped below $0.1920 and created a bearish trend at around $0.1880 on the hourly chart, trading below the 100-hour SMA. If DOGE slips below $0.1680, a further decline could occur, possibly finding support at $0.1550 or even $0.1320 in the near term. On the upside, resistance is seen near $0.1760, followed by levels at $0.1840 and $0.1880. Surpassing these levels could push the price up to $0.2050 or $0.2120. Technical indicators currently signal a bearish momentum, with the MACD in the red zone and RSI below 50. Monitoring these levels is essential to stay informed on Dogecoin's price movements.
Source available for registered users Sign Up Free
AI Analysis
Dogecoin, a popular meme cryptocurrency, has recently experienced a significant decline, slipping below the $0.18 support level and forming a bearish trend on the hourly chart. The immediate technical...
AI Recommendation
Given the prevailing bearish signals, it is advisable to adopt a cautious stance on Dogecoin in the near term. Traders should consider setting stop-loss orders below the support level of $0.1680 to mi...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
sell