DOGE/USD chart provided, we’ll look at the key indicators and price action on the 4-hour timeframe.

Support and Resistance Levels:

1. Resistance Levels:

• 0.1748: This level was tested multiple times and acted as a resistance where price struggled to move higher.

• 0.16082: This level coincides with the EMA (25) and has shown resistance.

2. Support Levels:

• 0.15116: This level has shown support, as indicated by the previous price action bouncing from this point.

• 0.15867: The current price level where the market is holding could act as short-term support.

Trend Analysis:

• Price Action: The price seems to be in a downtrend given the recent lower highs and lower lows.

• Moving Averages:

• EMA (7) is below EMA (25) and EMA (99), indicating a bearish trend.

• The price is below EMA (25) and EMA (99), reinforcing the bearish outlook.

• Indicators:

• MACD: The MACD line is below the signal line, though the histogram shows slight positive divergence.

• RSI: The RSI values are below 50, suggesting bearish momentum.

• Stochastic Oscillator (K, D): The K line is below the D line, suggesting downward momentum.

• Williams %R: It is in the oversold region, which might indicate a potential reversal, but the trend remains down.

Summary:

• The chart is currently in a downtrend with the price making lower highs and lower lows.

• The next support level is around 0.15867 and 0.15116.

• The resistance levels to watch are around 0.16082 and 0.1748.

• The indicators mostly suggest bearish momentum, but some oversold conditions indicate a potential short-term reversal or consolidation.

In conclusion, the overall trend is down, with the next significant support around 0.15867 and resistance around 0.16082.$BTC $DOGE #doge⚡