After the price slump on October 10, Dogecoin (DOGE) has consolidated back above $0.057. The price movement has been limited as the altcoin consolidates above current support.
Last week, DOGE traded above the $0.057 support and below the moving average lines. On October 13, DOGE fell sharply to the low of $0.055, but then retreated back to the range. Nevertheless, the altcoin’s price movement is stagnant due to the presence of doji candlesticks. The small candlesticks indicate the indecision of buyers and sellers. The movement will continue as long as the range bounded levels remain unbroken.
Dogecoin indikatoriaus rodmuo
Dogecoin has continued its consolidation as it remained at the 46 level on the Relative Strength Index for the 14 period. The altcoin is in a downtrend and could fall further. DOGE is rising as it is above the 78% area of the daily stochastic. It is in a bullish momentum and approaching the overbought area of the market.
Techniniai rodikliai:
Pagrindiniai pasipriešinimo lygiai - 0.12 0.14 USD ir XNUMX XNUMX USD
Pagrindiniai palaikymo lygiai - 0.06 0.04 USD ir XNUMX XNUMX USD
What is the next direction for Dogecoin
On the 4-hour chart, Dogecoin is in a sideways movement but has broken through the moving average lines. The current uptrend may face resistance at the recent high. This is because the altcoin has reached the overbought region of the market.
Atsisakymas. Ši analizė ir prognozė yra asmeninė autoriaus nuomonė ir nėra rekomendacija pirkti ar parduoti kriptovaliutą ir neturėtų būti vertinama kaip „Coin Idol“ patvirtinimas. Prieš investuodami į fondus skaitytojai turėtų patys atlikti tyrimus.
Source: https://coinidol.com/dogecoin-further-decline/