Hello, welcome to this DOGE/USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Dogecoin (DOGE) also declined on Thursday, with prices falling for a fifth straight day.
Since rising to a one-month high on Saturday, the meme coin has moved lower in consecutive sessions.
Today’s low saw DOGE/USD slip to a bottom of $0.08013, which is nearly 8% lower than Wednesday’s peak.
Looking at the chart, the drop saw DOGE near a key support point at $0.08000, with bulls so far resisting a breakout.
The recent decline has pushed price strength significantly lower, moving from a reading above 70.00 on Saturday, to 52.35 as of writing.
The 50.00 mark on the RSI indicator seems to be a sustainable support point, however, should this fail to hold, DOGE bears will likely intensify downward pressure.
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