DOGE is currently in a downtrend with oversold signals, suggesting potential for a bounce. Current price is below key moving averages but near recent support levels.
Price Trend
DOGE has dropped 3.34% in 24 hours and is trading below both 20-day and 50-day averages, indicating bearish momentum.
RSI Indicator
RSI at 39 suggests DOGE is oversold, which often precedes a price bounce when combined with support levels.
Support & Resistance
Recent local lows around $0.195 provide strong support, while resistance sits near $0.206 based on recent peaks.
Trading Strategy
Consider buying near support levels for a bounce play, with clear exit targets at resistance to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 0.195 USDT
Sell Price: 0.206 USDT
Key metrics
| Price | 0.1965 USDT |
| 24h Change | -3.34% |
| RSI(14) | 39.25 |
| SMA20 / SMA50 | 0.20 / 0.20 |
| Daily Volatility | 9.03% |
| 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.
