🐶 DOGE/USDT – Technical Analysis (1 hour)
Current price: $0.12856
Variation: -4.21%
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🔄 Trend and Moving Averages:
• MA(7): 0.12969
• MA(25): 0.13422
• MA(99): 0.13733
➡️ All three moving averages are above the current price and have a negative slope, reinforcing a downtrend in the short and medium term.
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📉 RSI Indicators (Relative Strength Index):
• RSI(6): 19.06
• RSI(12): 22.51
• RSI(24): 28.15
➡️ All RSIs are below 30, indicating an oversold zone. The asset is technically stretched to the downside, which may suggest a technical rebound soon, should buying volume emerge.
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📊 Volume:
• Strong selling volume before the low ($0.12661), followed by a slight reduction.
➡️ This may indicate seller exhaustion and a potential beginning of consolidation or short rebound.
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📌 Support and Resistance:
• Immediate support: $0.12661 (recent low)
• Nearby resistance: $0.12969 (MA7)
• Stronger resistance: $0.13422 (MA25)
⚠️ Conclusion:
DOGE is under pressure from a strong decline, but with a very low RSI, which opens up room for a short recovery if buyers enter. However, the trend remains bearish as long as the price stays below $0.134.
