Analysis of currency indicators $DOGE
/USDT today with a set of technical indicators.
Current price: 0.31943 (+0.79%).
The price is moving relatively sideways with a slight rise in the last 24 hours.
Exponential Moving Averages (EMA):
EMA(7): 0.31719.
EMA(25): 0.32270.
EMA(99): 0.35222.
The current price is above EMA(7), but below EMA(25) and EMA(99), indicating moderate resistance in the medium and long term.
STOCH RSI:
STOCH RSI is at 22.53, indicating that the currency is in the oversold zone. An upward bounce may occur soon.
RSI (Relative Strength Index):
RSI is at 50.87, which is a neutral level, meaning there is no strong momentum to buy or sell.
KDJ:
The values of K (33.36), D (22.05), and J (25.99) indicate slight positive momentum and limited upside potential.
MACD (Market Convergence Divergence Indicator):
MACD is negative at -0.00096, indicating weak bullish momentum and a possible continuation of the sideways or bearish trend in the short term.
Williams %R:
At -67.58, indicating near oversold territory, with a possible bounce.
Summary of the analysis:
The coin is showing weak momentum at the moment.
There may be a chance for an upward bounce due to oversold indicators (STOCH RSI and Williams %R).
The main resistance level is the EMA(25) at 0.32270, and if it is broken, there could be a bigger rise.
So🔴
If you are thinking of buying, wait for confirmation of a bounce above EMA(25).
If you are holding, follow the price action near the EMA(25) and MACD to know the market direction.
