Cena MOON DOGEDOGE

$Doge has just broken out of the resistance " RED" Line! Wave 7. We are now about $0.20 cents

Classic Bart formation in play on $DOGE Liquidity grab below equal lows followed by a sharp push back into the premium zone Eyes on the 0.204 - 0.217 zone for confirmation Let the liquidity games begin

#Dogecoin Repeats the Pattern 🔥 $DOGE

As of March 5, 2025, Dogecoin (DOGE) is trading at approximately $0.200512. Technical Indicators: Relative Strength Index (RSI): The 14-day RSI is at 44.75, indicating neutral momentum. Moving Averages: DOGE is trading below its 50-day and 100-day simple moving averages, both of which are signaling a 'Sell'. Moving Average Convergence Divergence (MACD): The MACD is at -0.02, suggesting bearish momentum. Trend Analysis: Dogecoin is exhibiting weak development within a falling trend channel in the medium to long term, signaling increasing pessimism among investors and indicating potential for further decline. Support and Resistance Levels: Key support levels are at $0.35 and $0.285. Failure to hold these levels could lead to a deeper correction toward $0.22. Conclusion: Technical analysis suggests that Dogecoin is currently experiencing bearish momentum, with key indicators pointing toward potential further declines. Investors should exercise caution and consider these technical factors alongside fundamental analysis and market conditions before making investment decisions $DOGE

Dogecoin ( #DOGE ) price decline signals a potential falling wedge breakdown, with a sharp correction potentially pushing the price to $0.13 As the crypto market slides back to pre-crypto reserve announcement levels, Dogecoin witnessed a pullback of 16%. As the declining trend continues, Dogecoin has breached the $0.20 psychological mark with an intraday pullback of 2.80%. Currently, the biggest meme coin, with a market cap of $28.64 billion, is trading at $0.1931. Will this declining trend lead to a retest of the $0.13 support level? Let’s explore. 🔸 #Dogecoin Price Crashes Under $0.20 On the daily chart, DOGE’s price trend shows a significant surge of 15.80% on Sunday after the U.S. crypto reserve announcement. However, the onset of tariff wars between the U.S. and other nations triggered a broad crypto market crash. Dogecoin plunged by 16.78%, erasing the weekend recovery, and is now trading below the 50% Fibonacci level at $0.20. With a 24-hour low of $0.1854, Dogecoin is testing the local support trendline of a falling wedge pattern. As the decline continues, the 50 and 200 EMA lines are converging, signaling the potential for a death cross event. Furthermore, the daily RSI is returning to the oversold territory, reflecting weakening buying pressure. These technical indicators point to a potential falling wedge breakdown rally. 🔸 Growing Bearish Positions in Futures The futures market is witnessing a significant shift, with the long-to-short ratio now at 0.9361, indicating more short positions. Meanwhile, the funding rate is at -0.0013%, showing that sellers are paying a premium to the bulls. Currently, the open interest in Dogecoin has dropped by 15.28% to $1.64 billion. In the past 24 hours, $16.83 million worth of Dogecoin positions have been liquidated, with long liquidations accounting for $14.33 million.