$DOGE {spot}(DOGEUSDT) 🚨Check Dogecoin Price Technicals🚨
fulldeg
Updated at: 11 hours ago
{"content":"$DOGE
{spot}(DOGEUSDT)
🚨Check Dogecoin Price Technicals🚨
The Bollinger Bands (BB) in the 4H time frame has displayed increased volatility as the bands are widening. Notably, the DOGE price chart recently touched the lower band near $0.17, suggesting increased selling pressure. The price has since rebounded and is approaching the midline.
With the DOGE memecoin heading toward its neutral zone, the price increase above this level might indicate that the market is heading towards growth.
Amid the rising volume, there has been a large drop in DOGE price. This highlights that investors are dumping their holdings of Dogecoin in a huge quantity. Increased volume highlights an increase in volatility, and decreases in the levels suggest weak bullish sentiment.
The Relative Strength Index (RSI) indicator fell into an oversold zone during the past week. Notably, it is currently valued at 39.75 and shows a rising trend pattern. This indicates improving market conditions in the four-hour time frame with a high possibility of a price reversal.
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