DOGECOIN (DOGEUSDT) struggles to get rid of its negative pressure - Analysis - 07-01-2025
The price of DOGECOIN (DOGEUSDT) advanced during its recent trades at the moment levels, amid the dominance of the short-term upward trend and its trades along the trend line, as the price tries to get rid of the negative pressure of the previous 50-day simple moving average, but in light of that, we notice the beginning of the emergence of negative signals in the relative strength indicators, after reaching areas of severe saturation with buying operations, which may hinder the rise of the currency price.
Therefore, we expect the currency price to rise during its upcoming trades, as long as it stabilizes above the $0.34000 level, targeting the pivotal resistance level of $0.48000.
The expected direction for the upcoming trades: Likely to rise $DOGE
