🐕 DOGE ETF SHUT DOWN, INFLATION IS PRESSURING THE MARKET, AND THE MEME KING IS BACK NEAR $0.08 🤔
Over the past day, the coin touched 0.0778, below the lower Bollinger Band, then bounced to 0.0823 📊 The Bitwise BWOW fund, which held $DOGE , stopped trading on October 14, with payments to shareholders scheduled for October 22. The fund is small, but that does little to improve sentiment, and U.S. inflation at 3.7% only added to the pressure 🇺🇸
Interestingly, the price is now right at the 0.618 Fibonacci level (0.0823), measured from 0.0677 to 0.1059 🎯 But SAR (0.0933) and Supertrend (0.0937) are still above the price, MACD is below zero, and EMA 7 (0.0836) and EMA 25 (0.0876) have yet to be reclaimed. I think this is a bounce, not a reversal.
#DOGE #Dogecoin #memecoins #Crypto
Over the past day, the coin touched 0.0778, below the lower Bollinger Band, then bounced to 0.0823 📊 The Bitwise BWOW fund, which held $DOGE , stopped trading on October 14, with payments to shareholders scheduled for October 22. The fund is small, but that does little to improve sentiment, and U.S. inflation at 3.7% only added to the pressure 🇺🇸
Interestingly, the price is now right at the 0.618 Fibonacci level (0.0823), measured from 0.0677 to 0.1059 🎯 But SAR (0.0933) and Supertrend (0.0937) are still above the price, MACD is below zero, and EMA 7 (0.0836) and EMA 25 (0.0876) have yet to be reclaimed. I think this is a bounce, not a reversal.
#DOGE #Dogecoin #memecoins #Crypto