Dogecoin (DOGE)
Dogecoin has seen significant changes over the past six months, with its price increasing by 207.62%. In the past month, it has increased by 4.58%, showing a steady climb. However, in the past week, the price has fallen by 2.81%, indicating some short-term volatility.
The current price is ranging between $0.36 and $0.46, fluctuating around its 10-day and 100-day simple moving averages of $0.38 and $0.40. The Relative Strength Index (RSI) is at 36.39, suggesting that the coin is not overbought and may have the potential to move higher. The MACD level is slightly negative at -0.004012 but close to zero, which may indicate a possible upward shift soon.
If Dogecoin breaks above the nearest resistance level at $0.51, it could reach the second resistance at $0.616, which would represent an increase of around 34%. On the other hand, if it falls below the support level at $0.31, it could drop to the next support at $0.21, a drop of around 41%. Traders are watching these key levels to assess where the price could head next.
