$DOGE Current situation:
#DOGE /USDT price: $0.1426
Strong drop after support breakout around $0.158–$0.16.
EMA 50 and 200 (red and blue lines) — price is far below, trend is bearish.
VPVR shows a strong resistance zone around $0.168–$0.169, it will be difficult to return there without strong momentum.
Indicators:
RSI 14:
22.85 — heavily oversold (below 30).
This often indicates a possible technical rebound, but does not guarantee a long-term reversal.
MACD:
Deep bearish divergence, but the lines are starting to converge — a reversal attempt is possible.
Volumes:
Increased during the fall → active phase of selling, but have now died down.
Buying volume is needed for a reversal, but there is none yet.
OBV:
The volume indicator continues to decline — capital is leaving and not returning.
🤔 Will there be a rise?
Is a rebound likely?
Yes, a technical rebound to $0.145-0.148 is possible in the coming hours — due to RSI and seller fatigue.
Will we return to $0.16?
In the short term (today-tomorrow) — unlikely, the price is far from the key EMAs and under strong pressure.
To return to $0.16, we need:
Bullish momentum with volume
#BTC / #ETH growth
Positive news