Dogecoin (Doge) was severely exposed by selling pressure, as it decreased by 15 % last week as it struggles to find support. Technical indicators continue to show a strong declining direction.
If the decrease continues, DOGE may soon test the support at $ 0.142, and the break can pay it without this level to less than 0.14 dollars for the first time since October 2024. However, if there is a return to the Meme Coin noise and the purchase of potential pressure revenues, DOGE may try to recover, with key resistance levels at $ 0.19 and 0.22 dollars in the opposite method Possible direction.
Dog Echimoku cloud draws a declining picture
The Dogoin Ichimoku Cloud scheme displays a strong declining preparation. The price is traded without both Blue Tendan-Sen and Red Kijun-Sen.
This site indicates that the short -term momentum remains negative as Dog is struggling to break above these resistance levels.
The upcoming Ichimoku (kumo) cloud is in red, which enhances continuous landfill, while the cloud itself is much higher than the current price.
The Tenkan-Sen and Kijun-Sen’s downward slope also emphasizes the downtown slope, which makes any fragile recovery attempts unless DOGE can restore these lines.
The transition to the cloud indicates a possible transition to a neutral stage. However, at the present time, the trend remains clearly down.
Until the price collapses over the Tenkan-Sen and Kijun-Sen or the cloud turns green, any bullish movements can be a temporary decrease in a wider declining direction.
If pressure persists, DOGE may continue to decrease, and may test low support levels in the upcoming sessions.
Dogecoin DMI shows sellers widely controlled
The DOGECOIN (DMI) plan explains that the average trend index (ADX) is currently 39.1, a sharp increase of 17.1 only two days ago.
ADX measures the strength of the trend, with values higher than 25 indicating a strong direction and those that are less than 20 indicating weak or emerging market conditions.
The rapid rise in ADX confirms that the constant trend of Dogcoin is increasing intensifying, indicating that sellers remain in control. As ADX advances, it enhances the idea that the current declining trend is gaining momentum.
-DI (the negative trend index) rose to 37, up from 28.91 a day ago, while the DI +(the positive trend index) decreased to 12.67 from 14.83.
This wide gap between -Di and DI +indicates that selling pressure greatly exceeds the purchase of interest. As the height and +Di +go below, the price of Doug is likely to remain under pressure unless a strong reflection of the momentum occurs.
+DI +will need to start height while -Di rejects any signs of potential recovery. Currently, the dominant trend remains declining, and Dog may continue to test low support levels.
Dogecoin will face a difficult time to recover $ 0.20 soon
Doge Price has decreased by 18 % in the past seven days, which enhances its landfill as a continued pressure on the sale pressure.
If this landmark continues, the DOGE can test the main support level soon at $ 0.142, a decisive price bottom that can determine whether more declines are likely to decrease. A break below this level will allow Dogecoin to decline to less than $ 0.14 for the first time since October 2024, which increases the establishment of a declining feeling.
Given the current price structure, there is no strong purchase pressure that the lower resistance path remains to the negative side unless the momentum turns.
However, if the noise is the metal currency is meme and increases the purchase pressure, Dog can get out of its hibudian structure and restore the main resistance levels.
It will be the first great resistance to watch at $ 0.19. If Doge succeeds in scanning this level, it may indicate the beginning of the wider recovery. The continuous upward trend can pay about $ 0.22, and if the bullish momentum strengthens more, Dog may rise to $ 0.24.
In order to achieve this scenario, DOGE will need to see a flow to buy the purchase volume and turn in the direction indicators, indicating a possible reflection of its current path.
Disintegration
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