📉 #Dogecoin could continue to fall: Key technical analysis 🐶💸
According to Trading Central data, the pivot level is at 0.1809 USD. As long as the price remains below that point, the bearish trend continues.
🔻 Main scenario:
If 0.1809 acts as resistance, we could see a drop to 0.1679 or even 0.1646.
🔼 Alternative scenario:
A breakout above 0.1809 would open the door to 0.1864 and 0.1897.
📊 Technical indicators:
RSI below 50 ➡️ bearish pressure
Negative MACD ➡️ weak trend
Price below the 20 and 50 period moving averages ➡️ negative setup