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$DOGE Support Level Broken and Downtrend Confirmed Based on the latest chart analysis: • The support level at 0.13759 has been broken, with the price dropping to 0.13190. • MACD: Bearish signal with the MACD line below the signal line. • RSI: Oversold territory indicating strong bearish momentum. • KDJ: Continued bearish momentum. • Williams %R: Indicates the market is oversold. • Volume: Significant increase during the price drop confirms strong selling pressure. The indicators confirm a downtrend. What are your thoughts? Will the downtrend continue? Please like and share this analysis if you found it helpful!$DOGE #doge⚡ {future}(DOGEUSDT)

$DOGE Support Level Broken and Downtrend Confirmed

Based on the latest chart analysis:

• The support level at 0.13759 has been broken, with the price dropping to 0.13190.

• MACD: Bearish signal with the MACD line below the signal line.

• RSI: Oversold territory indicating strong bearish momentum.

• KDJ: Continued bearish momentum.

• Williams %R: Indicates the market is oversold.

• Volume: Significant increase during the price drop confirms strong selling pressure.

The indicators confirm a downtrend.

What are your thoughts? Will the downtrend continue? Please like and share this analysis if you found it helpful!$DOGE #doge⚡

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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$DOGE . Volume: There was a significant volume spike recently, which might indicate strong selling pressure or a potential capitulation before a bounce. $DOGE #doge⚡
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$DOGE #doge⚡ • Immediate Support: Around 0.12516. This is the most recent low and could act as a support level. • Next Support Levels: If 0.12516 doesn’t hold, check for further support levels at previous lows on the daily or weekly charts, which could be around 0.12 or even lower depending on historical price action. In conclusion, a rebound could be expected if the price holds at or above 0.12516 and if we see bullish signals like increasing volume, RSI moving out of oversold territory, or bullish candlestick patterns. However, if the price breaks below this level, the next support levels need to be identified on longer time frames.$DOGE #doge⚡
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Analyzing the 4-hour$DOGE /USD chart, here’s the interpretation and potential moves Conclusion and Suggestions: • The current indicators show mixed signals. The MACD and stochastic oscillator hint at weak bullish momentum, but the RSI suggests bearish conditions that have not yet reached oversold levels. • For an upward move confirmation: • Look for the RSI to move above 50. • Confirm a crossover of the MACD line above the signal line with increasing histogram bars. • Ensure sustained high trading volume to support upward momentum. • For a downward move confirmation: • Look for the RSI to drop further towards or below 30. • Confirm a bearish crossover of the MACD line below the signal line with negative histogram bars. • Watch for decreasing volume on price drops, indicating a lack of support for higher prices. Currently, it is advisable to wait for stronger confirmation signals before making any trading decisions. Consider setting alerts for key indicator thresholds to react promptly to market changes.$DOGE #doge⚡
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$DOGE Analyzing the provided DOGE/USD market chart, the possible moves can be inferred based on the following technical indicators: 1. MACD (Moving Average Convergence Divergence): • The MACD line is slightly above the signal line, indicating a potential bullish momentum. The histogram bars are positive but very small, suggesting weak momentum. 2. RSI (Relative Strength Index): • The RSI(6) is around 59, indicating neither overbought nor oversold conditions. • The RSI(12) is 54.65, and the RSI(24) is 49.4, all suggesting a neutral stance with no strong directional bias. 3. Stochastic Oscillator: • The %K (75.91) is above the %D (69.89), which could suggest a continuation of the bullish trend if it crosses above 80. 4. Williams %R: • The Williams %R is at -13.58, which is close to the overbought territory (-20 to 0), indicating that the market might be getting overbought and could see a correction. 5. Volume: • There is a noticeable volume spike on the recent green candles, indicating buying interest. Sustained volume would be needed to support a continued upward move. 6. Moving Averages: • The MA(5) is at 13,357 and the MA(10) at 11,784, which are both below the current price of 0.13665, indicating a short-term bullish trend. Conclusion: Given the indicators, the market shows potential for short-term bullish momentum. However, the overbought signal from Williams %R suggests caution, as a correction could follow. It’s important to monitor the volume and whether the price can sustain above the moving averages. For precise trading decisions, consider placing stop-loss orders and keeping an eye on the price action relative to these indicators.$DOGE #doge⚡
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$DOGE 4 h chart Conclusion Overall, the indicators suggest a bearish trend, but they are not in extreme conditions. The price being below all key EMAs supports the bearish view. The RSI and Stochastic Oscillator are also in bearish territory but not oversold, indicating there could still be some downward movement before a potential reversal. For confirmation of a market direction, it would be prudent to look for: • A crossover above the EMA(7) and EMA(25) for a potential bullish reversal. • Continued movement below the EMAs and further decline in RSI and Stochastic values to confirm a bearish continuation. Monitoring these indicators over the next few trading periods will provide a clearer confirmation.$DOGE #doge⚡
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