๐ DOGE Analysis โ RSI Dips Below 40, Bearish Pressure Builds ๐
๐ถ DOGE, the iconic meme coin, is showing signs of fatigue as sellers dominate the short-term charts. With a sharp 4.70% drop in the last 24 hours, traders are watching closely for a potential reversal or deeper slide.
๐ Technical Analysis
- Short-term trend: Bearish
- Support: $0.219
- Resistance: $0.235
- Pattern: No clear reversal yet; steady decline with weak bounce attempts
- Volume: Declining, confirming seller dominance
- RSI: 37.77 โ Oversold territory approaching
- Moving Averages: MA(5) and MA(10) trending downward
- Outlook: Bearish
๐ฐ Market Data & News
- Price: $0.22311
- 24h Change: -4.70%
- No major headlines or partnerships reported
๐ Scenario Breakdown
- Bullish Case: DOGE must reclaim $0.235 with rising volume and RSI above 45
- Bearish Case: Breakdown below $0.219 confirms further downside toward $0.210
๐ Sentiment Meter
๐ Bearish Bias โ Sellers in control, weak volume
โ ๏ธ Risk Level
๐ก Medium โ Some signals align, but confirmation needed
Will DOGE bounce off $0.219 or continue sliding toward $0.210? Drop your take below ๐
๐ No second-guessingโclick the chart and execute the trade. This setup speaks for itself. ๐ฅ Like, Follow & Share if youโre serious about results.
๐ข Not financial advice. Always DYOR and manage your risk.
DOGE #TheCryptoMalik
