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$DOGS Currency Recommendations
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General trend
The chart indicates a clear downtrend in the short term, with failed attempts to recover.
Lowest price: 0.0006100 📉
Highest price in 24 hours: 0.0007576 🔺
Current price: 0.0006985 ⏳
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Moving Averages (MA)
MA(7): 0.0007044 🟡 -> The price is trading below the short-term average, indicating weak buying momentum.
MA(25): 0.0007280 🟠 -> represents current resistance in the medium term.
MA(99): 0.0007294 🔵 -> Major resistance level reflecting weakness in the long-term trend.
⏳ Conclusion: All moving averages are above the current price, which supports the continuation of the downtrend.
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Technical indicators
1. Relative Strength Index (RSI) 📊
Current value: 26.84 🟡 -> The market is in an oversold condition, which may give signals of a possible bounce higher soon.
2. Stochastic RSI ⚖️
Value: 28.84 📉
It indicates a slightly oversold condition, which increases the possibility of a rebound movement.
3. Williams %R Indicator 🔴
Value: -85.23 -> Extremely oversold levels, a signal of a possible correction to the upside $DOGS .
4. MACD Indicator 📈
DIF: -0.0000114
DEA: -0.0000083
MACD: -0.0000030
Conclusion: No clear signal yet; indicator still negative.
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Volume
Current volume: 551.5M 📊 -> Relatively low trading volume, which means little activity.
OBV (On-Balance Volume): -25.43B 🔻 -> A falling OBV indicates that selling pressure is in control.
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Support and resistance levels
First support: 0.0006100 🟢
Second support: 0.0005935 ⚠️
First resistance: 0.0007044 (MA7) 🟠
Second resistance: 0.0007280 (MA25) 🔵
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Possible scenarios 🎯
Bullish scenario (possible temporary rebound) 📈
If the price manages to break the resistance at 0.0007044 steadily, it may target:
0.0007280 (2nd resistance) 💵
0.0007576 (24 hour high).
Downward scenario (continuation of the negative trend) 📉
If the selling pressure continues and the support at 0.0006100 is broken:
First goal: 0.0005935 ⚠️
Second goal: 0.0005700 💔
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Recommendations 📝
1. Short term:
Wait for a bounce signal from oversold levels (RSI and Williams %R).
Entry at 0.0006100 with a stop loss close to 0.0005935.
2. Confirmation of ascent:
Entry only after breaking the resistance 0.0007044 and closing above it $DOGS .
3. Risk Management:
Use stop loss at key support levels.
Watch the trading volume; increased volume may mean a change in trend.
Final conclusion 🚀
The market is clearly oversold; chances of a rebound are there but weak due to low trading volume.
It is advisable to monitor resistance levels closely and use a stop loss to avoid big risks.