$DOGE This month has been one long slide, and the lower it goes, the less fight it has left. In early October, it even touched 0.097; in the early hours today, it was pushed straight down to 0.0731 😂
The current price is around 0.0741, down about 1.8% over the past 24 hours, with a high of 0.0763 and a low of 0.0731. Looking back over the past 7 days, it's down about 6.3%. From the peak on October 5, it's now pulled back by around 24%.
What I like least is the way it's bouncing. It dipped to 0.0722 on October 30, its lowest point in nearly 60 days. In the 3 days since then, every push higher has stalled below 0.076 and turned back down, with no real volume behind it. The daily MA7 is around 0.0757 and the MA20 around 0.0782. Both are weighing on the price and still trending down. It's the same on the 4-hour chart: the price is below the MA7 at 0.0748 and the MA20 at 0.0753.
On the futures side, 24-hour trading volume is around 315 million U, with open interest at about 2.69 billion coins. That's a substantial market, but it's just sliding down along with the broader market. The first support I'm watching is 0.0731; if that breaks, I'll be looking at the 0.0722 wick from October 30. The first resistance above is 0.0757. There's not much to discuss unless it can reclaim the 0.078 area.
I'm bearish on this one. Until it gets back above the MA20, I'll treat every bounce as a weak recovery.
Beginners should watch more and trade less. If you're buying crypto, stick to $BTC .
The current price is around 0.0741, down about 1.8% over the past 24 hours, with a high of 0.0763 and a low of 0.0731. Looking back over the past 7 days, it's down about 6.3%. From the peak on October 5, it's now pulled back by around 24%.
What I like least is the way it's bouncing. It dipped to 0.0722 on October 30, its lowest point in nearly 60 days. In the 3 days since then, every push higher has stalled below 0.076 and turned back down, with no real volume behind it. The daily MA7 is around 0.0757 and the MA20 around 0.0782. Both are weighing on the price and still trending down. It's the same on the 4-hour chart: the price is below the MA7 at 0.0748 and the MA20 at 0.0753.
On the futures side, 24-hour trading volume is around 315 million U, with open interest at about 2.69 billion coins. That's a substantial market, but it's just sliding down along with the broader market. The first support I'm watching is 0.0731; if that breaks, I'll be looking at the 0.0722 wick from October 30. The first resistance above is 0.0757. There's not much to discuss unless it can reclaim the 0.078 area.
I'm bearish on this one. Until it gets back above the MA20, I'll treat every bounce as a weak recovery.
Beginners should watch more and trade less. If you're buying crypto, stick to $BTC .
