#MemeCoinCrash coins continue to experience major declines despite speculation that some of them could be oversold, and could be set for a rebound.
The chart for the #Dogecoin price shows that the altcoin is approaching the much popular ‘Golden Cross’ that seeks to reward long-term investors.
Analysis :
👉🏽 DogeCoin price of $0.14347054 is down -4.89% in the last 24 hours and down -1.76% in the last 7 days.
👉🏽 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.
👉🏽 Short-term trend is Down while Medium-term trend is Neutral and Long-term trend is Strong Up.
👉🏽 Near-term momentum is Bullish based on MACD Signal Line crossover and Bearish based on RSI-14 center line crossover (RSI < 50).
👉🏽 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.
