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📊 Current price of DOGE: $0.213, 24-hour fall 2.30%, 7-day fall 9.49%
🔴 Technical Analysis
RSI(14): 41.27, in the weak zone
The price has fallen below all EMA lines, indicating a clear bearish trend.
SuperTrend indicator continues to show bearish signals
The MACD histogram has turned positive but the strength is weak.
📈 Key price level
Resistance level: $0.2189 (SuperTrend line)
Support level: $0.2082 (Bollinger Band lower edge)
💡 Operation Strategy
Short-term: It is recommended to watch and wait for a fall below $0.208 before considering a rebound to go long.
Midline: The bearish trend remains unchanged, it is recommended to short above $0.225
Stop loss: strictly set at $0.230
⚠️ Risk Warning
The market fear index has dropped to 44, indicating an overall bearish sentiment. Recently, there have been positive news about the acquisition of DOGE mining companies, but the technical indicators still appear weak.
🎯 Target price range: looking down to the $0.200-$0.195 interval
# $DOGE # #MLP#