📉 Technical Analysis DOGE/USDT – Possible short-term drop
🕒 30-minute chart | Date: June 9, 2025
🔹 Pivot Point: $0.1863
🔻 Preference: The bearish trend dominates as long as the price remains below $0.1863 (key resistance).
🔄 Alternative scenario: If DOGE breaks above $0.1863, it could seek levels of $0.1920 and $0.1954.
📊 Technical indicators:
RSI below 50 ➡️ Bearish bias.
Negative MACD and below its signal line ➡️ Bearish confirmation.
Price trading below its 20 and 50 period moving averages ($0.1836 and $0.1841 respectively) ➡️ Sustained selling pressure.
🎯 Key supports: $0.1742 and $0.1709
📈 Key resistances: $0.1863, $0.1920, $0.1954
🚨 Conclusion: The current technical sentiment suggests a continuation of the bearish correction unless DOGE manages to surpass and maintain $0.1863.