$DOGE what to expect? [RSI analysis + Bollinger bands]

#Dogecoin‬⁩ the queen coin of memecoins.

Market cap ranking 9th, its historical high was in May 2021, when its price reached the value of approximately $0.73.

Speaking of the present day, what should we expect from DOGE? 🤷🏻‍♂️

Let's analyze the 4-hour chart below:

Bollinger Bands:

The current value is below the median band and close to the lower band, which means that the price will tend to rise in the short term.

Relative Strength Index (RSI):

The value is just over 30, this means that the coin is currently oversold. Also in this case we could expect a recovery in the short term.

So: an upward movement is to be expected in the short term.

There are several key thresholds to keep an eye on:

If we can break above the $0.174 mark, we can expect a rally to $0.21 or $0.23.

What do you think ?

Is Dogecoin a coin present in your wallet?

As always, I urge you to do your research and consider your investments.

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