Dogecoin ($DOGE )
DOGE is bouncing, but the bigger trend still needs attention. đ
Dogecoin is trading around $0.06519, down 2.82%, after dropping from approximately $0.06957 to $0.06301.
Here's what stands out on the 1H chart:
⢠Current price: $0.06519
⢠24H change: -2.82%
⢠Recent high: $0.06957
⢠Recent low: $0.06301
⢠Immediate resistance reference: $0.06775
⢠RSI: 26.99
⢠Daily large-order net flow: -$9.05M.
⢠Large holders reportedly sold around 750M
DOGE since November 3.
RSI near 27 suggests heavily weakened momentum, but oversold conditions alone don't guarantee a reversal.
Example: If DOGE reclaims $0.06775 with stronger buying volume, the recovery could gain credibility. If it loses $0.06301, sellers may maintain control.
I'm watching whether this bounce develops into a proper recovery or becomes another lower high.
#DOGE #Dogecoin #Crypto
DOGE is bouncing, but the bigger trend still needs attention. đ
Dogecoin is trading around $0.06519, down 2.82%, after dropping from approximately $0.06957 to $0.06301.
Here's what stands out on the 1H chart:
⢠Current price: $0.06519
⢠24H change: -2.82%
⢠Recent high: $0.06957
⢠Recent low: $0.06301
⢠Immediate resistance reference: $0.06775
⢠RSI: 26.99
⢠Daily large-order net flow: -$9.05M.
⢠Large holders reportedly sold around 750M
DOGE since November 3.
RSI near 27 suggests heavily weakened momentum, but oversold conditions alone don't guarantee a reversal.
Example: If DOGE reclaims $0.06775 with stronger buying volume, the recovery could gain credibility. If it loses $0.06301, sellers may maintain control.
I'm watching whether this bounce develops into a proper recovery or becomes another lower high.
#DOGE #Dogecoin #Crypto
