Dogecoin is currently hovering around 0.1274 dollars, struggling to hold the 'decision zone' as described by technical analysts. 0.138 dollars is a key price level, crucial for short- to medium-term trends, corresponding to the 0.382 Fibonacci retracement level and the 200-week moving average. To truly confirm a breakout, Dogecoin needs to close above 0.138 dollars for three consecutive days and on a weekly basis, otherwise it may continue to consolidate. Historical data shows that whenever the RSI drops below 40, Dogecoin tends to rebound. The key range is 0.143–0.127 dollars; if the range is maintained, bulls still have a chance, but if it breaks down and the RSI moves downward, a more significant correction may occur. Bitcoin's trend is equally important; if BTC returns to 88,000–91,000 dollars, DOGE will have a greater opportunity to return to the key price level. #Dogecoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.