With DOGE buyers running out of steam, the price has fallen and is now approaching a key support level.
Key support levels: $0.07
Key resistance levels: $0.11
After a significant price surge, the bulls failed to push it higher, losing 20% of its valuation in the past three days. This puts DOGE on a clear path to retest the key support at 7 cents. If it holds, buyers could try to reverse the current bearish momentum. Resistance continues to hold at 11 cents.
Trading volume: The selling volume exceeded the buying volume after the sharp rise in the price, which explains why the bears are now in the upper hand.
RSI: The daily RSI is just above 50 points. If the bulls can hold it there, they can control the price action.
MACD: The daily MACD is flat, but the moving average is still bullish, and the momentum may return.
prejudice
The bias for DOGE is bearish at the moment.
DOGE short term price prediction
With a price around 8 cents, buyers can return to DOGE as it approaches the key support at 7 cents. Dogecoin could also enter a quieter period which could see its price move sideways for a while until momentum returns.
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Cryptocurrency charts by TradingView.