$DOGE #BinanceAlphaAlert
šØ DOGE/USDT: What's Next for the Dogecoin Army? šØ
Just took a deep dive into the DOGE/USDT charts, and there's definitely some interesting movement! As of the screenshot, DOGE is sitting around $0.18784, showing a -6.14% change.
Here's what caught my eye:
* Bouncing Back? We're seeing a slight recovery from the 24h low of $0.18640, but still a ways off the high of $0.20404. The question is, can it hold?
* Moving Averages Battle: Notice how DOGE is currently trading below both the EMA(20) at $0.19176 and the EMA(220) at $0.19933. This often suggests a bearish sentiment in the short to medium term. Bulls need to push it above these levels for a stronger comeback!
* RSI Flashing Signals? The RSI(6) is at 34.27172. This is getting close to oversold territory, which could indicate a potential reversal, but always tread carefully and look for confirmation.
* Volume Speaks Volumes: The 24h volume for DOGE is a massive 929.46M, while USDT volume is 180.14M. High volume can mean strong conviction, but in which direction?
My take: Dogecoin is at a crucial juncture. The price has been trending downwards from its earlier highs around $0.25441, but there's a clear attempt to find support.
What are YOUR thoughts?
* Are you buying this dip?
* Do you think DOGE will retest $0.20 soon?
* Or are we heading lower?
Let me know in the comments! Let's discuss where the Doge Army is headed next! š
