$DOGE
MA 7 (0.10174): The 7-day moving average is slightly below the current price, indicating short-term resistance.
MA 25 (0.12060): The 25-day moving average is well above the current price, indicating that the asset is in a bearish phase over the medium term.
MA 99 (0.13492): The 99-day moving average is far above the current price, confirming a longer-term bearish trend.
Support: The most recent low is around 0.09073 USDT.
Resistance: The immediate resistance appears to be around 0.11212 USDT.
Bollinger Bands: The price is currently near the lower band, which often indicates that the asset is oversold. However, the bands are wide, suggesting high volatility.
Ichimoku Cloud: The price is below both the Kijun-sen and Tenkan-sen lines, confirming a bearish trend. The price is well below the cloud, which is a strong bearish signal.
Stoch RSI: The Stochastic RSI is at 8.10, which is in the oversold territory (<20), suggesting that a potential rebound, or relief rally might be imminent.
MACD Line (-0.00306) and Signal Line (-0.00678): The MACD line is above the signal line, suggesting a potential bullish crossover. However, both lines are below zero, indicating the market is still in a bearish phase.
ADX Level (26.78):
An ADX above 25 indicates a moderately strong trend. In this context, the trend is likely bearish given the overall analysis, meaning that the downward momentum is relatively strong.
BoP : 0.59
CMF (-0.08): The negative value indicates that money is flowing out of the asset, suggesting selling pressure.
Overall Trend: The overall trend is bearish, with the price below key moving averages and the Ichimoku cloud. However, there is some indication of potential short-term oversold conditions, which could lead to a minor rebound.
Volatility: High, as indicated by the wide Bollinger Bands.
Watch out for $BTC though bcz it can change the tides.
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