Analysis $DOGE

The price action is on the downside, the price has fallen below the horizontal resistance area of ​​$0.3217 after previously moving lower. These divergences are considered bearish signs. Despite this decline, DOGE price is still 256.19% positive since the beginning of the year.

RSI

The Relative Strength Index (RSI) provides additional insight into market momentum by measuring the magnitude of Dogecoin price movements to determine whether it is overbought or undervalued. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions, and to decide whether to accumulate or sell assets. Readings above 50 and an upward trend indicate that bulls still have a strong point, while readings below 50 indicate the opposite.