We will see between 0.17 and 0.11 what happens. We need a higher high to confirm anuthing of bullish nature.
The Relative Strength Index (RSI) on the daily chart reads 33 after rejecting around its neutral level of 50 and approaching its oversold level of 30, indicating a strong bearish momentum. The Moving Average Convergence Divergence (MACD) indicator also showed a bearish crossover, hinting at a further downtrend.
If DOGE continues its correction and closes below the $0.18 weekly support level, it could extend the decline to test its November 3 low of $0.14.
Dogecoin (DOGE) extends its decline, trading around $0.19 on Tuesday after falling nearly 17% the previous day. The recent correction in DOGE has triggered a wave of over $20 million in liquidations in the last 24 hours and more than $100 million last week. The technical outlook and long-to-short ratio suggest a further pullback targeting the $0.14 mark.
The Relative Strength Index (RSI) on the daily chart reads 33 after rejecting around its neutral level of 50 and approaching its oversold level of 30, indicating a strong bearish momentum. The Moving Average Convergence Divergence (MACD) indicator also showed a bearish crossover, hinting at a further downtrend.
If DOGE continues its correction and closes below the $0.18 weekly support level, it could extend the decline to test its November 3 low of $0.14.
Dogecoin (DOGE) extends its decline, trading around $0.19 on Tuesday after falling nearly 17% the previous day. The recent correction in DOGE has triggered a wave of over $20 million in liquidations in the last 24 hours and more than $100 million last week. The technical outlook and long-to-short ratio suggest a further pullback targeting the $0.14 mark.
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.
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.