Analysis $DOGE 🚀🚀
1. Trend and Moving Averages (MA)
MA(7): 0.16786 – short-term
MA(25): 0.16996 – medium-term
MA(99): 0.17222 – long-term
Price 0.16779 is below MA(25) and MA(99), suggesting a downward trend. In the short term, the price is struggling to stay around MA(7).
2. Support and Resistance Levels
Support: 0.16694 – lowest level in 24h, if broken, further decline may occur.
Resistance: 0.16846 - 0.17048 – local levels that must be overcome to see a rebound.
3. Volume and Market Sentiment
24h Volume: 81.61M DOGE – high activity, but not necessarily indicating increases.
Order Book: 20.73% buyers vs. 79.27% sellers – significant advantage for sellers, which may suggest further downward pressure.
4. Price Movement Dynamics
Daily Change: -3.85% – a decline, but not very sharp.
7-day Change: +7.88% – moderate increase on a weekly basis.
30-day Change: -38.15% – significant depreciation over the month.
90-day Change: -57.51% – long-term downward trend still dominates.
180-day Change: +63.89% – long-term, DOGE is still in the positive.
Summary and Possible Scenarios
1. Continuation of decline – if the price breaks 0.16694, further declines may be possible.
2. Technical rebound – if buyers take control, testing 0.16846 - 0.17048 may be possible.
3. Long-term trend – as long as the price does not break 0.17222 (MA99), the trend remains downward.