DOGE/USDC on a monthly interval (1M)
๐ Price and candles
Current price: 0.22866 USDC
The candle of the current month is green with an upper wick โ there is demand, but sellers are still pressing at higher levels.
Key support: 0.15 โ 0.16
Resistance: 0.327 โ 0.33, above 0.48 โ 0.50
๐ Indicators
1. RSI (14): 60.8
Neutral-upward. Not overbought yet (above 70 would be a signal of overbought).
There is potential for further growth before the market enters the overheating zone.
2. Moving averages (MA5 and MA10)
MA(5) = 4.96B, MA(10) = 3.99B โ shorter average above the longer โ bullish signal.
The price begins to rebound from the averages and climbs higher.
3. OBV (On-Balance Volume): 19.85B
OBV is rising, suggesting that capital is entering the market. This confirms the strength of buyers.
4. Stoch RSI (9,3): 82.95 / 62.34
Oscillator in the upper regions โ signals that the market is close to overbought in the short term.
A correction/slowdown may occur before it goes higher.
๐ Summary
Medium-term trend: bullish, looks like the beginning of a rebound from the lows (0.08 โ 0.15).
In the short term: slight cooling is possible, as RSI and StochRSI approach overbought.
Key levels to watch:
Support: 0.20 โ 0.21 (if it drops below, a return to 0.15 is possible).
Resistance: 0.238 โ 0.327 โ 0.48 (subsequent stages of increases).
๐ Overall, the chart suggests accumulation and potential for further increases, but in the short term, possible corrections, as some indicators start to be overheated.