$DOGE Currency Analysis Hourly Frame/
Supports♥♥:
First support: near the 0.3357 level, where the price bounced from this level previously.
Second support: around the 0.3323 level, which is the lowest point drawn on the chart.
Resistances♥♥:
First resistance: at 0.3622, which is close to the MA(25) moving average line.
Second resistance: at 0.3735, which is a previous high.
Technical indicators:
Moving averages (MA):
The averages indicate a general downtrend, as MA(7) and MA(25) are below MA(99).
The intersection of the averages shows a weakness in momentum.
Parabolic SAR (SAR) indicator:
The dots are above the current price, which indicates a continuation of the downtrend.
Relative Strength Index (RSI):
At 34.5, indicating that the market is close to oversold areas, and a bounce may be imminent.
MACD:
A slight negative crossover is showing with the momentum declining, indicating weak selling pressure.
Recommendation♥♥♥:
If buying: Wait for confirmation signals from RSI or MACD (such as RSI bounce or positive MACD crossover).
If selling: If the price breaks the support at 0.3357, the downtrend may continue towards 0.3323 or lower.