DOGE is currently oversold with RSI below 20, suggesting potential for a bounce. Recent price action shows volatility with clear support and resistance levels.
Current Market Condition
DOGE is trading at $0.1915, down 0.95% in 24 hours. The RSI at 19.6 indicates oversold conditions, which often precedes price recovery.
Support and Resistance Levels
Key support (local_min) is around $0.1932 based on recent lows. Resistance (local_max) is near $0.2015 from recent highs. These levels help identify entry and exit points.
Moving Average Analysis
Price is below both 20-day ($0.1970) and 50-day ($0.1978) SMAs, indicating short-term bearish momentum but potential for reversal from oversold levels.
Trading Strategy
Consider buying near support at $0.1932 with a target to sell near resistance at $0.2015. Use stop-loss below recent lows to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 0.1932 USDT
Sell Price: 0.2015 USDT
Key metrics
| Price | 0.1915 USDT |
| 24h Change | -0.95% |
| RSI(14) | 19.58 |
| SMA20 / SMA50 | 0.20 / 0.20 |
| Daily Volatility | 4.44% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
