DogecoinLong
he price to show a resurgence possibility is high
Over the daily chart, the price has declined after the failure of a breakout this month; this month its price fell by -25%. The DOGE price is back to the nearest support at $0.1325, from which it started its ascend earlier.
During this price degradation, the 50-day and 200-day EMA is highlighting bearishness, MACD below zero line at -0.00610, and RSI at 35.63 after facing resistance from 14-SMA.
Since it's near the previous demand area (previous liquidity surge zone), the price to show a resurgence possibility is higher. At press time, the DOGE price stands at $0.13289 with intraday decline of -3.00%. If the price resurges, it could spike towards $0.1750, and $0.2200; beyond this supply, the price could elevate more over the bigger timeframes.
However, if the price fails the current demand-based support area, the DOGE price could break $0.1325 and reach the nearest support area of $0.1000.
During this price degradation, the 50-day and 200-day EMA is highlighting bearishness, MACD below zero line at -0.00610, and RSI at 35.63 after facing resistance from 14-SMA.
Since it's near the previous demand area (previous liquidity surge zone), the price to show a resurgence possibility is higher. At press time, the DOGE price stands at $0.13289 with intraday decline of -3.00%. If the price resurges, it could spike towards $0.1750, and $0.2200; beyond this supply, the price could elevate more over the bigger timeframes.
However, if the price fails the current demand-based support area, the DOGE price could break $0.1325 and reach the nearest support area of $0.1000.
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