$DOGE - COIN ANALYSIS TODAY ‼️ Emergency 🚨
On 1 Hr Time Frame , If We Analyze DOGE !
Starting with
Trend Overview
Current Price: $0.3818 (-5.29%)
The price has retraced significantly from the recent high of $0.4800.
It is below the EMA(7) ($0.3826) and EMA(25) ($0.3882), indicating short-term bearish momentum.
The price is approaching support levels but lacks clear bullish signs for now.
Indicators
a. Moving Averages (EMA)
EMA(7) and EMA(25): The price trading below these EMAs signals short-term bearishness.
EMA(99): $0.4038 is acting as a dynamic resistance. A break above this level would signal a shift in momentum.
b. MACD
The MACD histogram is near zero, with a slight bearish crossover (DIF below DEA). This indicates weakening momentum but no significant bearish acceleration yet.
c. RSI
• RSI(6): 46.59
• RSI(12): 44.33
• RSI(24): 43.14
• All RSI values are below 50, indicating neutral to bearish momentum. However, they are not yet in oversold territory, suggesting room for further downside.
d. Volume
• Volume is declining, which reflects weakening momentum in either direction. Breakouts or breakdowns may require increased volume.
Bullish Scenario:
• Conditions:
• Price breaks above $0.4038 (EMA99).
• RSI crosses above 50, signaling momentum shift.
• MACD shows a bullish crossover with volume expansion.
• Targets:
• $0.4091: Immediate target.
• $0.4500: Next key resistance level.
• $0.4800: Major swing high and bullish target.
Bearish Scenario:
• Conditions:
• Price fails to hold $0.3650.
• RSI drops below 40, signaling increasing bearish pressure.
• Volume increases on red candles.
• Targets:
• $0.3500: Minor support below $0.3650.
• $0.3305: Strong support zone and key bearish target.
• $0.3270: Major demand zone if selling pressure intensifies.