Dogecoin Faces Volatility But Shows Signs of Potential Rebound
Dogecoin ( DOGE ) has experienced significant volatility over the past 24 to 72 hours. Currently trading around $0.097, the meme-based cryptocurrency is showing mixed signals. While Dogecoin saw a 15% decline over the last month, technical indicators now point to a potential bullish reversal. On the 4-hour chart, Dogecoin has exhibited a bullish divergence against the Relative Strength Index (RSI), and the TD Sequential indicator is flashing a buy signal. If Dogecoin can break above the resistance level of $0.099, this could trigger an upward rally towards $0.106 and beyond ( Finbold )​( CoinGape ).
However, caution remains as moving averages continue to suggest a bearish outlook for Dogecoin in the short term. Oscillators are mostly neutral, and the price could drop further if it falls below the $0.093 support level. Analysts predict that Dogecoin may consolidate within a narrow range before any significant breakout, with key resistance levels at $0.106 and $0.12​( TradingView ).
Read More: https://onthenode.com/cryptocurrency/dogecoin-faces-volatility-but-shows-signs-of-potential-rebound
Dogecoin ( DOGE ) has experienced significant volatility over the past 24 to 72 hours. Currently trading around $0.097, the meme-based cryptocurrency is showing mixed signals. While Dogecoin saw a 15% decline over the last month, technical indicators now point to a potential bullish reversal. On the 4-hour chart, Dogecoin has exhibited a bullish divergence against the Relative Strength Index (RSI), and the TD Sequential indicator is flashing a buy signal. If Dogecoin can break above the resistance level of $0.099, this could trigger an upward rally towards $0.106 and beyond ( Finbold )​( CoinGape ).
However, caution remains as moving averages continue to suggest a bearish outlook for Dogecoin in the short term. Oscillators are mostly neutral, and the price could drop further if it falls below the $0.093 support level. Analysts predict that Dogecoin may consolidate within a narrow range before any significant breakout, with key resistance levels at $0.106 and $0.12​( TradingView ).
Read More: https://onthenode.com/cryptocurrency/dogecoin-faces-volatility-but-shows-signs-of-potential-rebound
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