DOGE/USDT Trading Below Key Averages
$DOGE

Current Price: $0.10145 (-0.06%)

200-period Moving Average (MA): $0.10197 (above the current price), indicating a bearish trend as the price is below this level.VWAP (Volume Weighted Average Price): $0.10156, suggesting equilibrium between buyers and sellers, though slightly skewed towards bearishness.

RSI (Relative Strength Index): 40.58 (neutral to slightly oversold), indicating that while there's still downward pressure, the asset may not be too far from a potential relief rally if buying interest kicks in.MACD (Moving Average Convergence Divergence): The MACD line is at -0.00070, slightly below the signal line (0.00019), suggesting that bearish momentum could be picking up. The histogram shows negative bars, reinforcing the potential for continued downward movement.

Support Levels: The key support area lies at approximately $0.09500, as identified by the purple zone in the chart, and a further drop could extend towards this zone.Resistance Levels: Immediate resistance sits around $0.10500, with the 200-period MA at $0.10197 acting as the first significant barrier.

If the price breaks below the support, it could trigger further selling pressure, potentially extending losses toward $0.09000 or even lower. On the upside, any break above the 200-period MA at $0.10197 and the immediate resistance at $0.10500 could shift market sentiment towards neutral or mildly bullish.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.

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