Cryptonian

02/26 15:12

Dogecoin Faces Rejection At $0.082

The altcoin is currently testing its recent low of $0.078. This will be the third test of the current support, which has held since January 18 despite the previous low. Nonetheless, selling pressure will intensify to a low of $0.070 if the current support is broken. On the other hand, if the current support holds, the altcoin will be forced to move within a range. The price of DOGE will fluctuate between $0.078 and $0.090. Nonetheless, the current decline has reached bearish fatigue. At the time of writing, the price of DOGE in US dollars is $0.081.

Dogecoin indicator display
For the period 14, the relative strength index of the cryptocurrency asset has fallen to the value 42. The altcoin is in a bearish trend zone and could fall further. The cryptocurrency's price bars are below the moving average lines, which indicates a further decline. The moving average lines are horizontally flat due to the sideways trend.
Key resistance levels - $0.12 and $0.14

Key support levels - $0.06 and $0.04

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