Dogecoin price has seen a 5.12% decline over the past 24 hours, indicating a short-term bearish trend.
Volatility: The chart shows some volatility, with significant fluctuations in price over the past 24 hours. This suggests that the market may be reacting to external or internal factors that create uncertainty.
Technical indicators:
RSI (Relative Strength Index): It is above the 50 level, indicating that the buying force is still present, although weakening.
Moving Averages: The 5- and 10-period moving averages are above the current price, suggesting that the long-term trend could be bullish. However, the short-term trend is bearish.
Volume: Trading volume has decreased slightly over the past 24 hours, which could indicate lower investor participation in the market.
The DOGE/USDT chart presents a contradictory picture. On the one hand, the short-term trend is bearish, but on the other hand, some technical indicators suggest that the long-term trend could be bullish.