Dogecoin (Doge) is struggling to restore traction. More than 5 % have decreased over the past seven days and has been traded below $ 0.25 since the end of February. Despite the signs of momentum, technical indicators still reflect a declining bias, with major resistance levels in determining the attempts of the upward trend.
Ichimoku cloud remains red, EMA lines are still declining, and the price movement continues to move under the critical direction confirmation areas. However, the sharp shift in BBTREND and improving momentum measures indicate that merchants are closely watching in a possible attempt.
Dogecoin faces resistance with the continuation
The current Dogecoin scheme of Ichimoku Cloud shows a clear and clear structure, while the price movement remains under the Kumo (Cloud), which is red shaded in the short term.
Blue Tenkan-Sen (the transfer line) is placed below the Red Kijun-Sen (the foundation line), which enhances the short-term Indian view.
In addition, the price candles are struggled to separate from the Tenkan-Sen, which acts as a dynamic resistance and prevents the upscale momentum from building. This usually indicates poor purchase pressure in the current market stage.
We look forward, the Kumo cloud moves forward from red to green, indicating a possible shift in feelings if the price can approach and penetrate the cloud.
However, the cloud itself is relatively thick, indicating a strong resistance area that requires a large bullish momentum to overcome it. Until the price enters or breaks over the cloud, the prevailing bias remains down.
The current flat base of Kumo can work as a magnet, where its price depends on it, but the continuous upward trend depends on whether Dogecoin can turn the cloud to support.
Dog see a sharp reflection as BBTRand turns into positive
Dogecoin’s BBTREND index has turned strongly, rising to 2 -3.14 just one day ago.
BBTREND (Bollinger Band Trend) is an indication of momentum that measures the strength and direction of price movement in relation to Bollegerer.
The values above zero suggest an upward momentum, while the values are without pressure on the zero signal. The higher the positive value, the stronger the upward momentum; Likewise, deeper negative values indicate stronger declining trends.
With BBTREND DOGE now in 2, it indicates a potential shift in the growing emotions and bullish momentum. This sharp reflection indicates an increased purchase pressure and the original may fall into the recovery stage.
Although it does not confirm a sustainable upward trend on its own, BBTREND in positive lands precede other-especially if supported by high size and follow-up in price movement.
Traders can look at this as an early signal to monitor the potential continuity.
DOGE should break $ 0.206 to turn the trend – or drop the risk to $ 0.168
Dogecoin’s EMA lines are still in enormous alignment, with short -term averages less than long -term long -term, which reflects the constant declining pressure.
If the current bounce fails to obtain strength, Dog may re -test the support soon at $ 0.168, which was held in the last sessions. Without a decisive transformation in the momentum, this level may be a magnet for the short -term price.
The absence of EMA preserves the general trend to the current time.
On the other hand, if the momentum strengthens and Doug is able to break the resistance at $ 0.206, this may lead to a broader reflection. In this case, the following upward goals will be $ 0.232 and possibly $ 0.254, assuming sustainable follow -up.
Disintegration
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