DOGE is trading at $0.0820, which is a positive sign as it is above the crucial support level of $0.0800. However, if the coin falls from this level, it could reach $0.0780 and potentially fall further to $0.076 before showing signs of recovery.
A negative MACD value indicates that the short-term moving average is below the long-term moving average, which could suggest a bearish trend in the asset's price. In this case, the negative value of -0.00133 indicates that the short-term moving average is slightly below the long-term moving average.
To remain stable in the next trading sessions, DOGE needs to stay above the $0.0800 level. The coin faces overhead resistance at $0.084, and if it surpasses that level, it could reach $0.0890, which will be a challenging price ceiling to break.
If DOGE manages to break this price ceiling, it could signal a bullish trend. The high volume of DOGE traded in the last session suggests that sellers are currently dominating the market.
A negative MACD value indicates that the short-term moving average is below the long-term moving average, which could suggest a bearish trend in the asset's price. In this case, the negative value of -0.00133 indicates that the short-term moving average is slightly below the long-term moving average.
To remain stable in the next trading sessions, DOGE needs to stay above the $0.0800 level. The coin faces overhead resistance at $0.084, and if it surpasses that level, it could reach $0.0890, which will be a challenging price ceiling to break.
If DOGE manages to break this price ceiling, it could signal a bullish trend. The high volume of DOGE traded in the last session suggests that sellers are currently dominating the market.
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