Dogecoin Set For Heightened Downtrend After A Rejection At $0.1293

Crypto Breaking · 2024-07-16T15:53:59.000Z

Popular meme coin, Dogecoin, recently faced a rejection at a significant resistance level of $0.1293. This setback has led the crypto asset to start a fresh downward move towards its previous low of $0.0914. Since DOGE failed to break past the $0.1293 barrier, this has led to speculations among market participants about the next move of the digital asset. In this article, we will examine the post-rejection price actions of DOGE with the help of technical indicators to determine what this rejection could mean for the crypto asset in the near future. DOGE’s price is currently trading at around $0.121 and is up by 1.85% with a market capitalization of over $17 billion and a trading volume of over $1 billion as of the time of writing. In the last 24 hours, its market cap and trading volume have increased by 1.83% and 73.09% respectively. Recent Market Performance: Analyzing DOGE’s Price Action Currently, the price of Dogecoin on the 4-hour chart is trading below the bearish trendline and has dropped a bearish momentum after the rejection at $0.129 above the 100-day Simple Moving Average (SMA). Based on these current price actions, the digital asset may be poised to maintain its bearish sentiment and could potentially extend its bearish move toward the $0.1144 support level. The formation of the 4-hour Composite Trend Oscillator also suggests a potential bearish continuation for the crypto asset as the signal line has crossed below the SMA of the indicator in the overbought zone attempting to move out of this zone. On the 1-day chart, the price of DOGE is dropping rapidly after failing to break above the $0.129 and the 1-day bearish trendline. It can be observed that the crypto asset is still trading below the 100-day SMA and is currently attempting a bearish move toward the $0.114 support level with a strong bearish momentum. Finally, it can observed that the signal line and the SMA are attempting to move out of the oversold zone. However, this may just be on a short-term note as prices might begin to drop again thereby signaling more bearishness for DOGE. Potential Support Levels: Where Could Dogecoin Find Stability? As of right now, Dogecoin is attempting a bearish move toward the $0.1144 support mark. If the crypto asset breaks below this level, it will continue to move downward toward the $0.0914 support level. A break below this level may trigger more losses for DOGE to test the $0.0745 level and other lower levels. However, if the price of DOGE reaches the $0.1144 support level and experiences a rejection, it will begin to ascend toward the $0.129 resistance level. The crypto asset may pose a further climb toward the $0.1491 resistance level and other higher levels if there is a breach above the $0.129 resistance level. Source: NewsBTC.com The post Dogecoin Set For Heightened Downtrend After A Rejection At $0.1293 appeared first on Crypto Breaking News.

Koin meme populer, Dogecoin, baru-baru ini menghadapi penolakan di level resistensi signifikan $0.1293. Kemunduran ini telah menyebabkan aset kripto memulai pergerakan turun baru menuju level terendah sebelumnya di $0.0914. Karena DOGE gagal menembus batas $0.1293, hal ini menimbulkan spekulasi di kalangan pelaku pasar tentang pergerakan aset digital selanjutnya.
Pada artikel ini, kita akan memeriksa aksi harga DOGE pasca penolakan dengan bantuan indikator teknis untuk menentukan apa arti penolakan ini bagi aset kripto dalam waktu dekat.
Harga DOGE saat ini diperdagangkan sekitar $0,121 dan naik 1,85% dengan kapitalisasi pasar lebih dari $17 miliar dan volume perdagangan lebih dari $1 miliar pada saat penulisan. Dalam 24 jam terakhir, kapitalisasi pasar dan volume perdagangannya meningkat masing-masing sebesar 1.83% dan 73.09%.
Kinerja Pasar Terkini: Menganalisis Aksi Harga DOGE
Saat ini, harga Dogecoin pada grafik 4 jam diperdagangkan di bawah garis tren bearish dan telah kehilangan momentum bearish setelah penolakan di $0.129 di atas Simple Moving Average (SMA) 100 hari. Berdasarkan pergerakan harga saat ini, aset digital mungkin siap untuk mempertahankan sentimen bearishnya dan berpotensi melanjutkan pergerakan bearishnya menuju level dukungan $0.1144.
Pembentukan Composite Trend Oscillator 4 jam juga menunjukkan potensi kelanjutan bearish pada aset kripto karena garis sinyal telah melintasi di bawah SMA indikator di zona overbought mencoba untuk keluar dari zona tersebut.
Pada grafik 1 hari, harga DOGE turun dengan cepat setelah gagal menembus di atas $0.129 dan garis tren bearish 1 hari. Terlihat aset kripto tersebut masih diperdagangkan di bawah SMA 100-hari dan saat ini sedang mencoba pergerakan bearish menuju level support $0.114 dengan momentum bearish yang kuat.
Terakhir, dapat diamati bahwa garis sinyal dan SMA mencoba keluar dari zona oversold. Namun, hal ini mungkin hanya terjadi dalam jangka pendek karena harga mungkin mulai turun lagi sehingga menandakan lebih banyak penurunan pada DOGE.
Tingkat Dukungan Potensial: Di Mana Dogecoin Dapat Menemukan Stabilitas?
Saat ini, Dogecoin sedang mencoba pergerakan bearish menuju tanda support $0.1144. Jika aset kripto tembus ke bawah level tersebut, maka akan terus bergerak ke bawah menuju level support $0.0914. Penembusan di bawah level ini dapat memicu lebih banyak kerugian bagi DOGE untuk menguji level $0,0745 dan level lebih rendah lainnya.
Namun jika harga DOGE mencapai level support $0.1144 dan mengalami penolakan, maka harga akan mulai naik menuju level resistance $0.129. Aset kripto tersebut kemungkinan akan mengalami kenaikan lebih lanjut menuju level resistance $0.1491 dan level lebih tinggi lainnya jika terjadi penembusan ke atas level resistance $0.129.
Pos Dogecoin Ditetapkan Untuk Tren Turun Tinggi Setelah Penolakan Pada $0.1293 muncul pertama kali di Crypto Breaking News.

Jelajahi Konten Lainnya dari Kreator

Berita Terbaru

Jelajahi Konten Lainnya dari Kreator

Berita Terbaru

Artikel yang Sedang Tren