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⛓️ Crypto🔴 BearishImportance 4/10Actionable
Dogecoin (DOGE) Stalls in Range, Bulls Fail to Seize Momentum
🤖AI Summary
Dogecoin retreated from $0.0980 resistance and is currently consolidating around $0.0940 support level. Technical indicators show weakening bullish momentum with RSI below 50, while the price holds above the 100-hourly moving average.
Key Takeaways
- →DOGE failed to break above $0.0980 resistance and corrected lower to test $0.0940 support.
- →The price broke below a bullish trend line at $0.0952 but found support above the 100-hourly moving average.
- →Key resistance levels are $0.0955 and $0.0980, with potential upside targets at $0.10 and $0.1080.
- →Downside risks include a break below $0.0940 support, which could lead to further decline toward $0.0928 and $0.0880.
- →Technical indicators show weakening momentum with MACD losing steam and RSI dropping below 50.
Mentioned Tokens
$BTC$70,528▼-0.9%
$ETH$2,140▼-1.4%
$DOGE$0.0938▼-2.3%
Non-custodial · Your keys, always
Read Original →via NewsBTC
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