🚀🚀🚀Dogecoin look to the future in 2025 🌙🌙🌙

analysis article

Alright, Doge fans! Looks like our favorite crypto pup is having a bit of a moment. ⚡️ Technical signals are pointing towards a downturn, with RSI and MACD giving us a not-so-cheerful wave. 📉 But hey, Dogecoin's had bounce-backs before. Keep your eyes peeled and hold onto your digital hats. Who knows, maybe the Doge will surprise us again! 🐕💨

As of Thursday, Dogecoin's price has found a temporary foothold around the $0.40 mark after recovering from an earlier slump this week. However, technical indicators are painting a less than optimistic picture for the beloved memecoin. The Relative Strength Index (RSI) is flashing a bearish divergence on the daily chart, and the Moving Average Convergence Divergence (MACD) is suggesting a sell signal. Together, these indicators are hinting at a potential downturn for Dogecoin.

Recently, Dogecoin achieved a yearly high of $0.48 on November 23 but could not sustain momentum above the $0.44 resistance level. This failure led to a more than 10% drop over the next three days. While there was a slight recovery on Wednesday, the price now hovers around $0.403.

The RSI's bearish divergence indicates a weakening momentum; the price's higher high on November 23 did not align with a corresponding RSI high, which often precedes a trend reversal or short-term pullback. Additionally, the MACD's bearish crossover on Tuesday supports the sell signal for short time.

Should Dogecoin's pullback persist, it may revisit the 61.80% Fibonacci retracement level at $0.350, aligning with a daily support level. This could further solidify the bearish trend for short time ( Long Time view is Bullish ) to the moon🚀🚀🚀🚀

I'm bullish on Dogecoin especially after what's coming next for US presidency and Elon Musk power by the end of Jan 2025

🙏🙏🙏🙏🚀like and follow please for more

thanks for reading 🙏😍😍