DOGE/USDT Daily Analysis – June 1st, 2025
DOGE is currently trading at $0.19112, down 1.20% in the past 24 hours. The price has broken below both the EMA(25) and EMA(7), indicating a short-term bearish trend. It’s also trading under the EMA(99), reinforcing the broader downward pressure.
🔻 Recent Trend:
• After peaking at $0.25970, DOGE has been in a steady decline.
• A sharp drop occurred over the past few days, pushing price from around $0.22 to current levels near $0.19.
• MACD shows a bearish crossover, with the MACD line at -0.00635 and continuing downward momentum.
• 24h volume remains strong at 542M DOGE, but selling pressure dominates.
📊 Support & Resistance:
• Immediate support: $0.18640 (24h low)
• Next key support: ~$0.16400 (recent swing low)
• Resistance zone: $0.20150 – $0.21134 (EMA zone)
📉 Outlook:
Unless DOGE reclaims the EMA cluster above $0.20 and confirms with bullish volume, a continued drop toward the $0.18 or even $0.16 level is likely. Watch for signs of divergence or strong bounce candles near support before considering reversal scenarios.