Sam_TCR

the DOGO asset is exhibiting bearish weakness

Short
MEXC:DOGGOUSDT   DOGGO / USDT
The DOGGO token price had been in an uptrend and the price was in the bull's control. however, the momentum shifted in Bears' hands after mid-March 2024 and started deteriorating.

the past price structure shows that the DOGGO asset has attained good performance in the last month, and three months, by 38.18%, and 15.16% respectively. however, the DOGGO token asset is showing bearish traits and displays that it can lose more value. It has demonstrated poor performance in the past week by -18.055, which indicates a reliable downward trend.

Since the DOGGO crypto exhibited a sign of deterioration as the price tumbled from a crucial level of around $0.000000022000 on the charts. The DOGGO crypto appears like it is nearing a drastic fall, as it hits the resistance supply level and sinks to new lows from the current support zone.

The DOGGO asset is displaying bearishness and falling tendency as it plunges below major trend 20-day and 50-day EMA bands, reliant on the sellers' surge its price could deteriorate more.

Similarly, the DOGO asset is exhibiting bearish weakness as MACD shows a massive bearish crossover, where the MACD line is at -0.0000000000801, the signal line is at 0.0000000003832, and the histogram curve is at -0.0000000004633. Likewise, the RSI is below 50, where the RSI line is at 45.13 and is taking resistance from 04- SMA which is at 50.26, implying that the asset is still in negative territory and can sink further down.

At the time of writing, the DOGGO crypto is experiencing a decline of -6.13% in the last 24 hours and is currently trading at $0.0000000073215.

Therefore, if the DOGGO crypto price fails to stay above the $0.0000000050000 level, it could decline further and reach lower levels.

However, if the demand for the token surges and buyers seem interested in it, the DOGGO asset price could bounce back from the current level. The next target for the price could be to reach $0.000000013000, and $0.000000017000.
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