Dogecoin ($DOGE ), known for its appeal as a meme cryptocurrency and easy accessibility, has seen a slight retraction in its price over the past 24 hours. Currently priced at $0.31763, the asset has registered a negative variation of -0.94%. This article analyzes technical and market data to assess whether the moment favors buy or sell positions, offering a strategic vision for the next movements of DOGE/USDT.
Market Data Summary
Current price: $0.31763
24h change: -$0.00300 (-0.94%)
24h High/Low: $0.32214 / $0.30914
Volume em 24h:
Em DOGE: 731.798.964 tokens
My USDT: $230,169,745.51
Price Range: 2.3%
The relatively high trading volume and limited range suggest a market with controlled volatility, which may favor decisions based on technical analysis.
Technical Indicators
Relative Strength Index (RSI):
RSI(6): 34.97 (oversold zone).
RSI(12): 37.19 (close to the oversold zone).
RSI(24): 45.81 (neutral).
The RSI(6) suggests that Dogecoin is oversold in the short term, which could attract buyers looking for a price recovery.
Purchase and Sale Orders:
Large: -80.94M DOGE
Average: -23.42M DOGE
Small: -6.25M DOGE
Seller pressure still predominates, with more sell orders across all transport sizes, especially in large volumes.
Support and Resistance:
Primary Support: $0.309 (recent low).
Primary Resistance: $0.322 (recent high).
Likely Scenarios for the Next 24 Hours
Bullish Scenario:
If price holds support at$0,309, a recovery could lead DOGE to test resistance at$0,322. The attraction of opportunity purchases, given the oversold