$DOGE / USDT Analysis: Bearish Pressure Continues馃殌
The $DOGE / USDT pair is currently trading at $0.36302, showing a significant decline of -6.21% over the past 24 hours. This bearish pressure is evident in the chart, with the price breaking below the 24-hour low of $0.34036 and reaching a new low of $0.33787.
Technical Indicators:
* Moving Averages: The price is currently below the 7, 25, and 99 Moving Averages (MA), indicating a strong downtrend.
* Volume: The 24-hour trading volume for DOGE is at 3.13B, suggesting active participation in the market.
Outlook:
The current technical indicators suggest a continuation of the bearish trend. However, it's important to monitor the price action closely for any signs of reversal. Support levels are at $0.33787 and $0.33787, while resistance levels are at $0.39032 and $0.39265.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Hashtags: #DOGE #USDT #Binance #Crypto #Trading #Analysis #Bearish #DownTrend
