Cryptocurrency Market Experiences Bitcoin Increase While Ethereum, XRP, BNB, and DOGE Drop in 24 Hours
Bitcoin Performance: Bitcoin rose by 0.9% to $86,931.92, maintaining its position as the leading cryptocurrency despite fluctuations in the market.
Major Cryptocurrencies Decline: Ethereum, XRP, BNB, and Dogecoin experienced declines of 0.6%, 1.2%, 0.4%, and 0.7% respectively, indicating a mixed performance among major coins.
Altcoin Surge: Echelon Prime led the altcoin market with a remarkable 44.6% increase, while other altcoins like pippin and UnifAI Network also saw significant gains.
Market Trends: Despite the downturn in major cryptocurrencies, the altcoin market showed strong growth, reflecting high investor interest in both established and emerging tokens.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0628 | 0.0816 | 0.0988 | 0.118 | 0.135 | 0.153 |
| Fibonacci | 0.0628 | 0.0766 | 0.085 | 0.0988 | 0.112 | 0.121 | 0.135 |
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