🟡 DOGE Slips Below $0.16 Amid Weak Momentum – Bears in Control?
📆 Date: April 6, 2025
🕒 Timeframe: 1D (Daily Chart)
🔍 Source: TradingView | DOGE/USDT (Binance)
📉 DOGE is currently trading at $0.15879, down -6.03% on the day. Price action remains sluggish, stuck below key resistance and approaching crucial support territory.
🔹 MACD Analysis:
MACD Line: -0.00789
Signal Line: -0.00837
Histogram: Red
Momentum remains bearish, with the MACD line still below the signal line. Weak histogram bars reflect low conviction, but the downtrend still holds the upper hand.
🔹 RSI (Relative Strength Index):
RSI: 39.17
The RSI is nearing oversold territory, showing sustained selling pressure. Still room for further downside unless buyers step in aggressively.
🔹 Key Resistance: $0.18 – $0.20
🔹 Major Resistance Zone: $0.23
🔹 Key Support Zone: $0.14 – If broken, DOGE may revisit the $0.12 region.
📌 Market Snapshot:
DOGE’s structure has turned weak again. Price is hugging key support with little bullish momentum behind it. Both MACD and RSI signal caution for bulls.
A breakdown of the $0.14–$0.15 support range could open doors for a deeper correction.
🧠 Pro Tip from CryptoPulsee:
“DOGE pumps fast — but dumps just as hard. Don’t chase the memes, respect the momentum.”
