๐ถ Dogecoin Slips Below $0.23 (Latest: $0.23054) โ More Downside Ahead?
Dogecoin ($DOGE ) has dropped 5.82% in the last 24 hours, now trading at $0.2307 ๐. Market cap sits at $34.73B, with trading volume jumping 10.72% to $4.86B. The memecoin moved between $0.2181 โ $0.2451, showing high volatility as global markets turned risk-off after hotter-than-expected U.S. inflation data ๐น.
๐ Technical Outlook
DOGE has slipped below its 7-day SMA ($0.233) and failed to hold the 23.6% Fibonacci level ($0.2638). Itโs now closer to the 38.2% level ($0.2496) but struggling for momentum. RSI stands at 48.29, signaling weaker buying pressure. Losing the $0.23 support now makes $0.21 a critical level to watch ๐. Tightening Bollinger Bands hint at a volatility spike ahead.
๐ Key Levels & Whatโs Next
If bulls defend $0.21, DOGE could bounce toward $0.235 โ $0.25. A move above $0.235 is key to restoring bullish sentiment ๐ช. But failure to hold could trigger a retest of $0.21 or lower. Long-term prospects remain tied to overall crypto trends and retail enthusiasm ๐.
#MarketTurbulence #HotJulyPPI
Dogecoin ($DOGE ) has dropped 5.82% in the last 24 hours, now trading at $0.2307 ๐. Market cap sits at $34.73B, with trading volume jumping 10.72% to $4.86B. The memecoin moved between $0.2181 โ $0.2451, showing high volatility as global markets turned risk-off after hotter-than-expected U.S. inflation data ๐น.
๐ Technical Outlook
DOGE has slipped below its 7-day SMA ($0.233) and failed to hold the 23.6% Fibonacci level ($0.2638). Itโs now closer to the 38.2% level ($0.2496) but struggling for momentum. RSI stands at 48.29, signaling weaker buying pressure. Losing the $0.23 support now makes $0.21 a critical level to watch ๐. Tightening Bollinger Bands hint at a volatility spike ahead.
๐ Key Levels & Whatโs Next
If bulls defend $0.21, DOGE could bounce toward $0.235 โ $0.25. A move above $0.235 is key to restoring bullish sentiment ๐ช. But failure to hold could trigger a retest of $0.21 or lower. Long-term prospects remain tied to overall crypto trends and retail enthusiasm ๐.
#MarketTurbulence #HotJulyPPI
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DOGE
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