$DOGE
🚨 DOGE Price Analysis: Lower Lows 🚨
From a technical point of view, the daily chart shows that the Relative Strength Index (RSI) has dropped below the midpoint, indicating bearish momentum.
Like the RSI, the Money Flow Index (MFI) has also slid down the signal line. The drop in the MFI reading indicates fading buying pressure and the dominance of sellers.
If this trend continues, DOGE’s price is likely to drop below the support at $0.14 as it continues to trade below the falling trendline shown in the chart below.
If validated, Dogecoin’s next move might be a correction to $0.10, the level it last reached in October 2024. However, a surge in buying pressure could change things.
If that happens, the NVT Signal reading might drop, offering Dogecoin’s price a path to recovery. In that scenario, the memecoin could climb above the resistance at $0.18.
Should that be the case, DOGE might soar toward $0.24 near the 0.382 Fibonacci level.