#MemeCoinCrash coins continue to experience major declines despite speculation that some of them could be oversold, and could be set for a rebound.Ā
The chart for the
#Dogecoinā¬ā© price shows that the altcoin is approaching the much popular āGolden Crossā that seeks to reward long-term investors.
Analysis :
šš½ DogeCoin price of $0.14347054 is down -4.89% in the last 24 hours and down -1.76% in the last 7 days.
šš½ Price is down -80.61% from ATH of $0.73994835 from May 8, 2021, and down 37.32% from 52-week high of $0.22888516.
šš½ Short-term trend is Down while Medium-term trend is Neutral and Long-term trend is Strong Up.
šš½ Near-term momentum is Bullish based on MACD Signal Line crossover and Bearish based on RSI-14 center line crossover (RSI < 50).
šš½ Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
In addition, the Awesome Oscillator (AO) was negative, indicating an increasing downward momentum. Should this continue, DOGE might drop as low as $0.12 before another bounce.
#altcoins #buythedip #Memecoins $DOGE