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$DOGS Currency Recommendations
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1. Current price and performance 🔎
Current price: 0.0006457 USDT
Change rate over 24 hours: -6.24% 📉
Highest price in 24 hours: 0.0006943
Lowest price in 24 hours: 0.0006271
🔍 Analysis:
The coin is trading in a clear downtrend with a decrease of 6.24%. There is strong selling pressure that has formed a nearby bottom at 0.0006271. The nearby resistance is currently at the 0.0006943 level.
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2. Moving Averages (MA) 📈
MA(7): 0.0006401
MA(25): 0.0006538
MA(99): 0.0006861
🔍 Analysis:
The current price of 0.0006457 is below the MA(25) and MA(99), which reinforces the downtrend.
MA(7) is closer to support and indicates a weak sideways movement.
The nearest short-term resistance is at 0.0006538, and the currency needs to break through it to confirm the upward correction.
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3. Relative Strength Index (RSI) 🔄 $DOGS
RSI(6): 55.82
🔍 Analysis:
The RSI at 55.82 shows a balance between buyers and sellers with a slight dominance of positive momentum.
There are no overbought or oversold signals.
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4. Stochastic Indicator (K/D/J) 🚦
K: 72.37
D: 55.02
J: 107.06
🔍 Analysis:
The indicator indicates that K has reached overbought areas, which may mean that the upward movement is weakening and a downward correction is imminent.
A high value of J indicates a previous violent move with possible weakness in momentum.
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5. MACD Indicator 📉
DIF: -0.0000089
DEA: -0.0000105
MACD: 0.0000016
🔍 Analysis:
Continued negative DIF and DEA values indicate a weak uptrend.
Although the MACD has slightly turned positive, it is weak and not enough to reverse the trend.
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6. Williams Indicator (Wm %R) 📊
Wm %R(14): -42.59
🔍 Analysis:
The indicator is at -42.59, in the middle zone, reflecting a volatility in the trend.
It has not yet reached the overbought or oversold areas.
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7. Volume Indicator (VOL) 🔥
Trading volume: 365.11M
Average MA(5): 607.81M
Average MA(10): 822.28M
🔍 Analysis:
The current trading volume is low compared to the averages (5 and 10 days), indicating weak market activity.
Low liquidity may make the price more susceptible to negative fluctuations.
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8. Support and resistance points 📍
First support: 0.0006271
Second support: 0.0006100
First resistance: 0.0006538 (MA25)
Second resistance: 0.0006861 (MA99)
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General summary 📌
1. Current trend: Weak bearish with attempts to stabilize.
2. Technical indicators:
RSI indicates light equilibrium.
MACD and Wm %R reflect weakness in the uptrend.
3. Recommendation $DOGS :
Watch the support level 0.0006271 for a possible bounce.
Waiting for a break of 0.0006538 to confirm the start of a positive correction.
Avoid entering until greater liquidity or clear reversal signals appear. 🚫