DOGE is currently trading at $0.139, down 5% in 24 hours. The price is below key moving averages, indicating short-term weakness, but the RSI is neutral. Recent price action shows a clear downtrend from $0.150 to a low near $0.138, with the asset now attempting to stabilize.
Current Market Position
DOGE’s price is below both the 20-day ($0.140) and 50-day ($0.145) Simple Moving Averages (SMAs). This often suggests the short-term trend is bearish. The RSI at 54 is neutral, meaning the asset is neither overbought nor oversold right now.
Recent Price Action
In the last two days, DOGE fell from around $0.150 to a low of $0.1378. The high volume during the drop suggests strong selling pressure. The price has since bounced slightly but is struggling to move back above the $0.140 level.
Key Levels to Watch
The recent local low of $0.1378 acts as immediate support. If that breaks, the next major support is near $0.135. On the upside, the price faces resistance near the $0.146-$0.150 zone, which aligns with recent local highs and the 50-day SMA.
Strategy for Beginners
Given the downtrend and position below key averages, it’s wise to be cautious. Wait for a clearer sign of strength before buying. If you are looking to enter, do so in smaller amounts at key support levels. Always use a stop-loss to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 0.137 USDT
Sell Price: 0.146 USDT
Key metrics
| Price | 0.1393 USDT |
| 24h Change | -5.16% |
| RSI(14) | 54.19 |
| SMA20 / SMA50 | 0.14 / 0.15 |
| Daily Volatility | 3.59% |
| 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.
