📉SHORT: $DOGE (1D)

#DOGE USDT | #DOGE | #Dogecoin

Current Price $0.14

Market Cap $20.72B

Change 1h -0.53% | 24h -1.45%

Daily Indicators:

• RSI: 41 - Neutral 🟠

• MACD: -0 - Bearish 🔴

• EMA: 0.15 - Below 🔴

Analysis:

The Swallow Team suggests closely monitoring Dogecoin as it approaches the crucial 200 EMA level. A breakdown here could lead to a test of lower support levels. The chart indicates increased volatility and a small fakeout zone that you should be aware of.

Price Targets:

If Dogecoin breaks below the 200 EMA, we might see it test support around $0.1250. In a further downward movement, the next target could be around $0.0820. Keep an eye on potential resistance at $0.1600.

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