$DOGE Dogecoin is trading at $0.1300 at the time this news was written on Friday, with the 50-day Exponential Moving Average (EMA), 100-day EMA, and 200-day EMA trending downward and maintaining a bearish bias.
The Moving Average Convergence Divergence (MACD) indicator on the daily chart is slightly negative, as indicated by the blue MACD line being below the signal line.
A breakout above the 50-day EMA at $1.544 could pave the way for further gains above the 100-day EMA at $0.1745 and the 200-day EMA at $0.1909. The Relative Strength Index (RSI) on the same chart has risen to 38, indicating that bearish momentum is beginning to wane.
However, the downward trend line from $0.3063 limits the upside, with resistance seen at $0.1561. A daily close below the support at $0.1205 could accelerate the downtrend towards the October low at $0.0931.
