missjulie.verse
2024/08/03 12:19
Dogecoin Has Entered a Downtrend
Dogecoin has entered a downtrend, as it has recently fallen below the pivotal 50 EMA. This barrier is important for DOGE because it usually denotes bullish momentum when it is maintained above. However, a decline below it signals a shift into bearish territory and raises questions about the asset's short-term outlook. The price action of late has brought DOGE's vulnerability to light.
The failure of Dogecoin to maintain above the 50 EMA is concerning despite the general weakness of altcoins. It implies that selling pressure is outweighing buying interest, which could result in a decline that goes even lower if the current trend keeps up.
#Share Crypto Stories to Win 400 USDT#Share Your Thoughts on Popular Assets in March#Share Your HTX Earn Strategies and Earnings
3Partilhar
Todos os comentários0Mais recentePopular
Sem registos