Dogecoin is getting down as the overall cryptocurrency market is going down.
The 21 EMA becomes resistant to the price as it crossed over to the 50 EMA .
The price is pull back 3 times from almost the same level of resistance area so that, those areas are now new resistance for the dogecoin.
We will see the bearish momentum in the near future which leads to retesting the horizontal support level marked as support 1.
If we Broke support 1 then our next support will be support 2.
MACD Indicator: MACD line is crossing over the signal line representing the bearish momentum.
The 21 EMA becomes resistant to the price as it crossed over to the 50 EMA .
The price is pull back 3 times from almost the same level of resistance area so that, those areas are now new resistance for the dogecoin.
We will see the bearish momentum in the near future which leads to retesting the horizontal support level marked as support 1.
If we Broke support 1 then our next support will be support 2.
MACD Indicator: MACD line is crossing over the signal line representing the bearish momentum.