$DOGE
Dogecoin’s price has been volatile recently. In the past week, it gained 2.46%, settling between $0.17 and $0.20. However, over the last month, it dropped by 27.54%, and in six months, it fell by 55.97%. This shows a downward trend over time, despite short-term gains.
Technical indicators suggest caution. The Relative Strength Index is at 34.79, nearing oversold levels. The Moving Average Convergence Divergence is negative at -0.0047, indicating bearish momentum. The 10-day Simple Moving Average is $0.17, below the 100-day average of $0.19, which can signal a downtrend.
Dogecoin faces resistance at $0.22 and $0.25. Breaking above these levels could lead to growth. Support levels are at $0.15 and stronger at $0.1166. If the price falls below these, it might decline further. Based on this data, the price may continue to fluctuate, but the overall trend points to potential further declines unless buying pressure increases.
