Dogecoin cracked below the $0.15 support line and has been trading sideways just below the level. The crypto is looking to see a break back above the level and start forming higher lows toward the $0.35 level where it has found resistance in the past.
The crypto trades below both the 50-day moving average (green) and the 200-day moving average (blue), indicating the crypto is seeing recent bearish sentiment. Each of these moving averages may hold as an area of resistance in the future.
The Relative Strength Index (RSI) has been climbing higher the past couple of weeks and now sits at 44. This shows that more buyers have been entering into the market and the amount of buying pressure now nears the amount of selling pressure.
What’s Next For Dogecoin?
Dogecoin is climbing once again and nears the key $0.15 level where support was previously found. Bullish traders want to see the RSI continue to climb and be able to break back above the middle line. Bulls are then looking for a cross of the $0.15 level as well as the moving averages.
The crypto trades below both the 50-day moving average (green) and the 200-day moving average (blue), indicating the crypto is seeing recent bearish sentiment. Each of these moving averages may hold as an area of resistance in the future.
The Relative Strength Index (RSI) has been climbing higher the past couple of weeks and now sits at 44. This shows that more buyers have been entering into the market and the amount of buying pressure now nears the amount of selling pressure.
What’s Next For Dogecoin?
Dogecoin is climbing once again and nears the key $0.15 level where support was previously found. Bullish traders want to see the RSI continue to climb and be able to break back above the middle line. Bulls are then looking for a cross of the $0.15 level as well as the moving averages.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.