According to technical analysts, the price of DOGE is in a sensitive zone. Over the past 24 hours, bulls have tried to maintain the $0.16 level, and now this meme coin is retesting its historical support area. DOGE is currently in a descending triangle pattern, recognized as a bearish structure. The key support is between $0.164 to $0.18, considered an accumulation zone. The Ichimoku Cloud indicator still shows a downward trend, but signs of decreasing selling pressure are observed, suggesting a possible bottoming at the $0.16 level. On the other hand, the Relative Strength Index (RSI) has reached around 32.98 and is on the verge of entering the oversold zone. The Wave Trend Oscillator is also in the oversold zone, with its signal lines turning upwards, strengthening the possibility of a short-term reversal. However, the Moving Average Convergence Divergence (MACD) indicator has not yet confirmed any signs of a trend reversal. If the $0.164 support holds, there is a possibility of the price returning to the $0.20 to $0.21 levels, and in case of an upward breakout, the next targets could be $0.28 and even $0.455. But in case this support is broken, there is a possibility of price decline to the range of $0.11 to $0.12. On the ‘Real-Time Cryptocurrency Prices’ page, you can monitor the prices of all tokens and cryptocurrencies live and in real-time.
