Technical analysis of DoDo coin:
Relative Strength Index (RSI).
According to the RSI, in the 1-week candle time frame, DODO is currently trending bearish with the actual RSI reading at 38.85. The 50 line could provide resistance if the indicator returns to it.
Moving averages
Moving averages are an important analytical tool that provides traders with a bigger picture of what is happening in the charts by calculating the average closing price of DODO over a specific time period. The relationship between the short-term and medium-term moving averages is crucial in determining the direction of the trend. When the short-term moving average moves above the long-term moving average, this indicates that the trend is gradually turning bullish.
In the weekly SMA time frame, DODO price is in a moderate trend since the 50 period moving average has crossed the lower of the 200 period moving average and the price is trading above both.
MACD (Moving Convergence/Divergence) indicator
According to MACD, in the 1-week-candle time frame, DODO price is currently trending downward momentum since the MACD signal line moved lower 50 periods ago and was negative for 50 periods
