#DOGE #dogeā” #TradeStories #CryptoRegulation
š Chart Overview:
Time Frame: 1 Week (Each Candle = 1 Week)
Current Price: $0.21673
Change in 24 Hours: -6.61%
24-Hour High / Low Price: $0.23676 / $0.21374
š Technical Indicators:
1. EMA (Exponential Moving Averages):
EMA(7): 0.19602 (Yellow)
EMA(25): 0.21593 (Pink)
EMA(99): 0.17451 (Purple)
š¹ Current Price is above EMA(7) and EMA(99):
This indicates a short-term and long-term positive trend.
š¹ Price is near EMA(25):
There is a possibility of resistance here.
2. RSI (RSI):
RSI(6): 57.42
š¹ Analysis: RSI is normal (not overbought and not oversold), meaning further increase is possible.
š Price Movement and Trend:
Significant Increase: Price went up to approximately $0.48434, then came down.
Recent Low Level: Approximately $0.13669.
Now attempting a rebound: Some green candles are visible.
Short-Term Positive Trend: Price is above EMA(7) and EMA(99), now facing EMA(25).
ā ļø Important Support and Resistance Levels:
Immediate Resistance: $0.22884
Next Resistance: $0.32098
Immediate Support: $0.19602 (EMA 7)
Strong Support Zone: Approximately $0.17 (EMA 99)
š§ Summary:
Short-Term Trend: Positive
Medium Term: If the price closes above EMA(25), further improvement may come.
Keep an Eye On: An increase in volume and RSI going above 60 would be positive signals.
