With Haboodi indicators that can indicate more declines soon, Dogecoin is at a pivotal point in its history. Lack of condemnation between Dokwin Bols clearly shows that the original is unlikely to recover in a fast and explosive way, as many might expect. However, things are not so badly.
This artistic style indicates that if the pressure continues to increase, Dog may be about to see a more severe prices.
With the low rises and the weaker apostasy that characterized the last price movements, DOGE was in the direction of a continuous decline since its peak above $ 0.40. The original is currently fighting to maintain its location higher than important support levels, with $ 0.19 as a critical threshold.
If this level is broken, the losses may accelerate and pay the dawn closer to $ 0.17, or even less. The resistance is located on the upper side at $ 0.25, where 50 EMA is currently. The bulls may be able to slow down the downward trend if they can push Dog at this level and keep the momentum.
The penetration is still unlikely, given the current weakness, unless there is a major change in market morale. When the short -term moving average (such as 50 EMA) crosses less than the long -term moving average (such as 100 EMA), this is known as the death cross.
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This occurrence is a strong declining sign because it indicates that momentum is deviated and that there may be more negative aspect. Although Death Cross has not yet been verified by DOGE, the final distance between these two Emas indicates that it will happen soon. Historically, the intersections of death caused a significant decrease in asset prices, especially when the market is weak.
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DOGE can experience a long period of dumping movement with additional drops towards low support levels in case of confirmation of the cross.
Do Dog have any hope? Although there is still an opportunity to combine the current trend, the imminent death cross makes price expectations more dangerous.
Dogecoin may have additional declining pressure in the coming weeks, according to technical indicators, if the bulls cannot quickly restore higher resistance levels. The crossing of 50 and 100 EMA must be monitored closely by merchants because it may have an immediate effect on the future of Dog.
