Dogecoin trgovci mogu iskoristiti ovaj nivo podrške kako bi ostali profitabilni

In its previous bull run, Dogecoin’s [DOGE] breakout paved a path above its nine-month trendline support (white, dashed). This revival aided the meme-coin in accelerating growth above its 20/50/200 EMA on the daily chart.

The volatile break from the ascending triangle structure saw a stiff hurdle in the $0.087 region. This reversal can now find rebounding grounds near the $0.066-$0.065 range.

U vrijeme štampe, DOGE se trgovao za 0.069 dolara, što je pad od 14.96% u posljednja 24 sata.

DOGE dnevna karta

Izvor: TradingView, DOGE/USD

The buying comeback from the 15-month support in the $0.049-$0.052 range helped the coin to maintain a sideways track in this timeframe. Meanwhile, the buyers struggled to break above the shackles of the $0.071 level.

While the buying pressure seemingly built up around this level, the recent growth confirmed the ascending triangle on the chart.

Given the bullish revival tendencies over the past month, the coin could find reliable grounds in the $0.065-$0.066 range. Any break below this range could put the altcoin in a price discovery phase to reiterate the bearish edge.

However, a buying intervention at this range can help the bulls prevent further losses. The buyers would aim to provoke a recovery toward the near-term EMAs in the $0.73 zone.

Obrazloženje

Izvor: TradingView, DOGE/USD

The RSI finally plunged below the equilibrium to reveal a bearish edge. The bulls must maintain the 43-level support to keep up the revival possibility alive.

Interestingly, the CMF and the OBV lines marked higher troughs over the last week. This trajectory affirmed the plausibility of a bullish divergence with the price action. But the alt was yet to display a strong directional trend, as evidenced by the ADX.

zaključak

DOGE’s fall below the near-term EMAs and the $0.07-mark has positioned the altcoin for a near-term sluggish phase. A potential rebound above this mark could hint at a possible revival. The targets would remain the same as discussed.

Konačno, novčić s temom psa dijeli 70% 30-dnevne korelacije sa kraljevskim novčićem. Stoga bi praćenje kretanja Bitcoina upotpunilo ove tehničke faktore.