- The Dogecoin token above the monthly chart indicates some weakness as it falls below the major DMA lines of 20, 50 and 100 MA.
- The crypto asset has been trading below the downtrend for the past few days as it hit higher highs and lower lows.
- The DOGE / BTC pair is trading negatively at 0.000005266 BTC with an intraday loss of -1.60%, and the DOGE / ETH ratio is CMP at 0.0007279 ETH with an intraday positive action of +1.47 %.
Dogecoin Token is now hitting near its primary support line of 200 days after being rejected by higher levels. At the same time, it falls under its main DMA lines of 20, 50 and 200 days. DOGE on the monthly chart is just above the 200 DMA line, which can be considered a make-or-break level. In the meantime, in the current scenario, the bulls need to keep an eye on the support line.
The volume on the chart is lower, which is continuously decreasing and falling below the average volume line. The volume must increase sharply for a substantial reversal and the token must regain its 50 and 100 DMA lines. Support on the lower side is at $ 0.2280 and $ 0.2165, while resistance on the higher side is at $ 0.2680 and $ 0.3195.
Dogecoin token is CMP near the oversold zone with neutral momentum
Dogecoin Token is CMP near the oversold zone with neutral momentum after a strong sell-off. The coin has traded near its lower range in the weekly timeframe after consolidating in the past trading sessions. Additionally, the volume on the chart is lower and needs to increase if the bulls want a rebound in the upcoming sessions. Currently, the Dogecoin token is trading at $ 0.2342 with -5.52% intraday action and the volume to market cap ratio is 0.05698.
Relative Strength Index (NEUTRAL): Dogecoin The token RSI hits near the oversold zone after consolidating on the weekly chart. In contrast, the RSI is trading near the oversold zone from which we can see a short-term rebound and now the CMP at 33.
Moving average convergence divergence (NEUTRAL): The daily chart shows a mixed trend over the 4 hour timeframe. At the same time, the buyer’s signal line (green) overlaps the seller’s line (red) with an expected negative crossover.
Support levels: $ 0.2280 and $ 0.2165
Resistance Levels: $ 0.2680 and $ 0.3195