📉 DOGE/USDT – Technical Analysis (1H)
Current price: 0.13222
Variation: +1.63%
@Doge Coin #Dogecoin #DOGE $DOGE
🔍 1. Moving Averages (MA):
• MA(7): 0.13350
• MA(25): 0.13223
• MA(99): 0.13031
➡️ Interpretation:
The price faced a strong rejection at the top, falling below the MA7 and testing exactly the MA25 as support. The short-term trend has become uncertain, but the support of MA99 still guarantees the bullish bias on the hourly chart.
📊 2. RSI (Relative Strength Index):
• RSI(6): 38.97
• RSI(12): 47.52
• RSI(24): 51.25
➡️ Interpretation:
The RSI(6) fell into the undervaluation zone (<40), reflecting the strength of the last selling candle. The RSI(24) at 51 indicates that the asset is still in balance, trying to decide the next directional move.
🔊 3. Volume:
• Volume 24h (DOGE): 538.41 million
• Volume 24h (USDT): 71.45 million
➡️ Interpretation:
The financial volume is high, but the most recent candle shows a significant red volume bar, confirming that there has been a significant profit-taking after touching 0.1354.
🧱 4. Supports and Resistances:
• Immediate support: 0.1322 (MA25)
• Immediate resistance: 0.1335 (MA7)
• Critical zone: 0.1354 (Daily high)
⚠️ Technical Conclusion:
🔻 Trend: Short-term correction.
DOGE has lost strength after reaching the resistance of 0.1354. At the moment, the price struggles to stay above the MA25. If it does not recover the MA7 quickly, the scenario of continued correction gains strength.
✅ Likely Scenarios:
📈 Rise: Resumption above 0.1335 to attempt a new test at the top of 0.1354.
📉 Drop: Losing 0.1322 opens space to seek the region of MA99 at 0.1303.
