$DOGE
📉 Technical Trend (Technical Analysis)
Decline Below Moving Averages: Dogecoin is currently trading below all major averages, reflecting a clear bearish momentum (short-term negative).
Support Resistance Range:
Major support around 0.1699–0.174 USD; a break below 0.1699 could lead to further decline towards 0.1656 or 0.1613.
Resistance at ~0.1784 (Fibonacci 23.6%) then 0.1836 and 0.1880.
Momentum Indicators:
RSI ~34–40; Nitro heading towards the "Descending" area but not excessive.
MACD is in the negative range but shows some signs of slowing down in selling momentum.
ATR indicates moderate volatility.
Overall: Signals enter a threat area if it does not exceed the level of 0.1784, while maintaining support at 0.1699 could provide an opportunity for a rebound formation.
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⚙️ Influential Fundamental Factors
SEC Decision Approaching: In June, a decision may be issued regarding a security related to Dogecoin, which could be a positive or negative catalyst.
Actual Uses: Acceptance of DOGE as a means of payment, such as luxury car companies accepting payment in it, which supports its position beyond the realm of "meme coins" only.
