This #DOGE coin one-hour K-line chart is really dull to watch
Opening price 0.20473 USD, closing price 0.20437 USD, peaked at 0.20594 USD and then dropped down, lowest dipped to 0.20437 USD, the price hardly moved. Trading volume 14.99 million, estimated trading volume 84.71 million, five-day average volume 59.28 million, ten-day average volume 84.87 million, clearly increased volume, indicating both buyers and sellers are trading.
MA7 line 0.20714 USD, MA30 line 0.21786 USD, the price is hovering just above the moving average, short-term trend is downward. EMA7 line 0.20739 USD, EMA30 line 0.21502 USD, short-term moving average is below long-term moving average, short-term downward momentum is evident.
MACD directly -0.00187, DIF and DEA are both underwater, bears are dominant. KDJ indicator is even worse, K line 28.64, D line 31.35, J line 23.22, all in the oversold zone, theoretically should rebound, but without volume support it just doesn’t work.
I see this DOGE coin is likely to drop further, those with heavy positions should withdraw quickly, for those looking to buy the dip, wait for a volume breakout to say more, do not go against the trend, preserving capital is the most important.
Usually share some cutting-edge information and practical strategies, welcome to discuss opinions, let’s seize this big opportunity together!