Get started
TradeViewDemiGod

Don't show the DOGE chart to Elon Musk :(

Short
Dogecoin / TetherUS (BINANCE:DOGEUSDT)  
TradeViewDemiGod  
BINANCE:DOGEUSDT   Dogecoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
DOGEUSDT

On June 5, Dogecoin broke below the immediate support level at $0.07 but rebounded sharply from the support near $0.06. The bulls made an attempt to push the price above the 20-day EMA ($0.07) on June 6, but encountered selling pressure from the bears, indicating the bears' resilience and their inclination to sell near significant resistance.

The downward slope of the moving averages and the negative territory of the relative strength index suggest that the bears have an advantage. Their next move will be an attempt to push the price below $0.06. To stage a comeback, the bulls will need to regain control and push the price back above the 20-day EMA. If successful, the DOGE/USDT pair could potentially rally towards $0.08.

Related Ideas

TradeViewDemiGod
Litecoin LTC comes crashing down
TradeViewDemiGod
PolkaDOT comes crashing down
TradeViewDemiGod
SOLana is coming down
TradeViewDemiGod
Polygon's MATIC in a freefall??
TradeViewDemiGod
Cardano breaks trendline as it gets cheaper
TradeViewDemiGod
XRP Ripple comes down in price
TradeViewDemiGod
BNB Binance Coin comes crashing down
TradeViewDemiGod
Ethereum comes crashing down
TradeViewDemiGod
Bitcoin comes crashing down
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.