DOGE/USDT currency pair
Here's a comprehensive analysis:
1. Current price
• Current price: 0.32038 USDT
• Daily change: -0.03786 USDT (i.e. a decrease of -11.21%)
2. Information about the last 24 hours of trading
• Highest price (H): 0.36734 USDT
• Lowest price (L): 0.30001 USDT
• Trading volume (DOGE): 5.51 billion
• Trading volume (USDT): 1.83 billion
3. Technical indicators
1. Moving Averages Indicator (MA Cross 7 and 21):
• 7-day moving average: 0.38409
• 21-day moving average: 0.41187
• The current price is below both averages, indicating a downtrend.
2. Relative Strength Index (RSI 14):
• Current RSI value: 35.06
• This value shows that the market is approaching the oversold area, which may mean that the price may rebound upwards in the near future.
3. Volume:
• Daily trading volume: 5.336 billion DOGE
• Increased trading volume with a falling price may indicate strong selling pressure.
4. Support and resistance
• Current resistance at: 0.38409 USDT
• Current support at: 0.30001 USDT
Trend Summary
• Prevailing trend: bearish
• If the selling pressure continues, the support level at 0.30 USDT may be tested.
• In case of a bounce, the 0.38 USDT resistance level will be the first barrier to watch.
Trading Advice
• Caution trading: As the market shows signs of weakness, wait for confirmation of bounce or support break signals before making buy or sell decisions.
• Continuous monitoring of the RSI indicator: If it drops below 30, there may be a potential buying opportunity due to oversold conditions.