- The Dogecoin token on the monthly chart is being placed near its significant support levels of 200-day lines and the volume is lower.
- The crypto asset is trading below the major moving averages of 20, 50 and 100 day lines while it is still holding out above its 200 DMA line.
- The DOGE / BTC pair is trading under pressure at 0.000005071 BTC with an intraday loss of -0.76%, and the DOGE / ETH ratio is CMP at 0.0000706 ETH with an intraday action of -0.43% .
Dogecoin token the monthly chart is trading below a bearish note while exposed to profit taking from higher levels. Likewise, the crypto asset is now near its central support line of a 200-day moving average, and the sustainability above will give the bulls confidence. The volume above the chart is still lower, falling below its average volume line, which needs to grow for a strong reversal.
Traders need to stay on the 200 DMA line and if the token manages to hold above it we can see a strong rebound soon. The short to medium term trend will be positive when the token recovers its 20, 50 and 100 day lines. Support on the lower side is at $ 0.2280 and $ 0.2165, while resistance on the higher side is at $ 0.2630 and $ 0.2990.
Dogecoin tokens appear to be preparing for the positive momentum ahead
Dogecoin token on the weekly chart appears to be preparing for the positive momentum ahead. The crypto asset is gradually gaining momentum over the 4 hour period and is seeing good buying interest from lower levels. The bulls also benefit from the technical parameters, but the dynamics are stable. Now Dogecoin is trading at $ 0.2438 with intraday action of + 2.45% and the volume to market cap ratio is 0.02816.
Relative Strength Index (BULLISH): Dogecoin token The RSI is trying to move higher after testing the oversold zone on the weekly chart. In contrast, the RSI is bullish and moving towards the overbought zone, now CMP at 51.
Moving average convergence divergence (BULLISH): The daily chart shows a positive trend in the 4 hour timeframe. At the same time, the buyer’s signal line (green) always overwhelms the seller’s line (red) with a positive crossover.
Support levels: $ 0.2280 and $ 0.2165
Resistance Levels: $ 0.2630 and $ 0.2990.