Let's see how DOGE is behaving.
This is a 4H chart.
The Fib retracement shows that the price has been consolidating since the last dump between the support and resistance range.
The market is showing SELL volumes for DOGE.
This time, three resistance levels push down on value. Two of which are local, and one is the solid resistance. And one support level holds the price high and shows strength.
This local support is our last hope to turn the market into bullish. If the price drops lower than that, we will have to fight more strong resistance levels on the solid support.
The RSI shows that DOGE is under the 50 levels, the center. And going near the upper half might be a good sign for DOGE. We will have a short-term bullish run if we confirm a price above the 50 RSI.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.1723
Let me know your ideas.
Good luck.
This is a 4H chart.
The Fib retracement shows that the price has been consolidating since the last dump between the support and resistance range.
The market is showing SELL volumes for DOGE.
This time, three resistance levels push down on value. Two of which are local, and one is the solid resistance. And one support level holds the price high and shows strength.
This local support is our last hope to turn the market into bullish. If the price drops lower than that, we will have to fight more strong resistance levels on the solid support.
The RSI shows that DOGE is under the 50 levels, the center. And going near the upper half might be a good sign for DOGE. We will have a short-term bullish run if we confirm a price above the 50 RSI.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.1723
Let me know your ideas.
Good luck.
