Our pivot point is at 0.1435.
Our preference: the downside prevails as long as 0.1435 is resistance.
Alternative scenario: above 0.1435, look for 0.1478 and 0.1505.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.1484 and 0.1488). Finally, the Dogecoin / Dollar is trading below its lower Bollinger band (standing at 0.1420).
Supports and resistances:
0.1505 **
0.1478 *
0.1435 **
0.1417
0.1399 last
0.1336
0.1310 **
0.1284 *
0.1258 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2025 at 02:08 UTC+1
Price reference: 0.1399 last known on 12-01-2025 at 02:08 UTC+1
Investment horizon: INTRADAY
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