Will $1MBABYDOGE fall below 0.0024 or will it rise to 0.0067 Strong technical analysis of the price
Support and resistance levels:
1. Strong support: There is a support level at approximately 0.0035044, which the price may test if the decline continues.
2. Strong resistance: The most important resistance is at 0.0067042, which is the last peak that the price failed to exceed.
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Moving averages (MA):
MA(7) - yellow average: The current price is below it, indicating that the short-term trend is bearish.
MA(25) - pink average: It is still well below the current price, indicating that the long-term trend is still positive.
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Technical indicators (MACD):
DIF and DEA are approaching each other, and there is a negative crossover.
The upward momentum is weak, increasing the possibility of further decline.
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Trading volumes:
Recently, the trading volume has increased significantly with the price rise.
But now, the trading volumes have decreased significantly, indicating weak buyer interest at this price.
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Technical prediction:
If the price breaks the support at 0.0035044, the price may head towards 0.002400 as the next support area.
If the buying momentum returns, the price may rise to test 0.0052213 as the first resistance.
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Conclusion:
1. There is selling pressure currently.
2. Maintaining the support level at 0.0035 is important to avoid further decline.
3. If there is no strong buying momentum, we may see a decline to 0.0024.
