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$DOGS Currency Recommendations
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1. Moving Averages (MA) 📈
MA(7): 0.0006715
MA(25): 0.0006824
MA(99): 0.0007023
🔍 Analysis:
The current price of 0.0006721 is below the short, medium and long term moving averages.
MA(7) (short-term) is below MA(25) and MA(99), indicating a continuation of the downtrend 📉.
There is no sign of a strong recovery at the moment.
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2. Relative Strength Index (RSI) 🔄
RSI(6): 48.0184
🔍 Analysis:
RSI value is below 50, indicating weak buying power ⚠️.
The market has not reached the oversold areas (below 30), which means that the decline may continue before any strong rebound 📉.
If the RSI falls further, we could enter oversold areas.
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3. Stochastic RSI Indicator 📊
STOCKHOLDERS: 56.5905
MASTOCHRSI: 34.0449
🔍 Analysis:
Stochastic RSI reflects weak momentum with medium oscillation around 50.
There is no clear breakout towards overbought or oversold areas, which means hesitation in the market 🔄.
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4. Trading Volume (VOL) 🔥
Trading volume (24h): 12.1M
MA(5) (5-day average): 2.29B
MA(10) (10-day average): 1.64B
🔍 Analysis $DOGS :
Current trading volume is very low compared to previous averages.
Low liquidity reflects weak investor participation at this stage 📉.
Usually, decreasing trading volumes with a declining price is considered a bearish signal 🔻.
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5. MACD Indicator 📉
DIF: -0.0000062
DEA: -0.0000053
MACD: -0.0000009
🔍 Analysis:
Negative values for both DIF and DEA indicate seller control (selling pressure).
DIF below DEA, reinforcing the current downtrend 📉.
No reversal signals have been shown yet.
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6. Williams Indicator (Wm %R) 📉
Wm %R(14): -42.3664
🔍 Analysis:
The index is in the middle zone between -20 and -80.
Currently there are no clear signals of overbought or oversold, but the trend is still bearish ⚠️.
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7. Momentum Indicator (K/D/J) 🚦
K: 49.0140
D: 46.9956
J: 53.0579
🔍 Analysis:
Convergence of K and D values with a slight increase in J means that the market is in a volatile state with a slight tendency to recover.
Any strong move above 50 could be a positive start 🚀.
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8. Support and resistance points 🔎
First support: 0.0006100
First resistance: 0.0007169
Highest price in 24 hours: 0.0007067
Lowest price in 24 hours: 0.0006419
🔍 Analysis:
Breaking the support 0.0006100 may reinforce a decline towards lower levels.
Breaking the resistance 0.0007169 with a strong close will indicate the beginning of an upward wave 🔼.
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General summary and final analysis ✅
1. General trend: Bearish 📉.
2. Liquidity: Weak with low trading volume 🔻.
3. Momentum: Weak with fluctuations in indicators and no strong reversal signals.
4. Recommendation $DOGS :
Watch the support level at 0.00061
00 with caution.
Waiting for clear technical signals to buy such as an improvement in RSI or a break of the 0.0007169 resistance.
The market is currently in a slump, it is better to stay away from making quick decisions until the momentum changes 📊.
