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William Surberg
Jul 10, 2022
by William Surberg

DOGE Technical Analysis: DOGE Set to Break Lower Low Next Week

DOGE technical analysis

Table of contents

  1. Past Performance of DOGE
  2. DOGE Technical Analysis
  3. Upcoming Trend
Key technical points:

  • Dogecoin price analysis is bearish today.

  • DOGE resistance level is at $0.737.

  • DOGE/USD support is $0.0502.

    • Past Performance of DOGE

    DOGE technical analysis reveals that the Dogecoin price is bearish. However, it has taken support at $0.0502, a key level to watch. The DOGE/USD pair is currently trading at $0.0681, and if the price falls below this level, it could next support at $0.0450.On the other hand, if the price rallies, it could test the next resistance at $0.0737.

    The Dogecoin price is currently bearish. However, it has taken support at $0.0502, a key level to watch. The DOGE/USD pair is currently trading at $0.0681, and if the price falls below this level, it could test the next support at $0.0450.

    On the other hand, if the price rallies, it could test the next resistance at $0.0737.The Dogecoin price is bearish today after taking support at $0.0502. The DOGE/USD pair is currently trading at $0.0681, and if the price falls below this level, it could test the next support at $0.0450.

    DOGE technical analysis

    Source- Tradingview

    DOGE Technical Analysis

    The MACD is currently in the bearish zone and is signaling a further decline in the price of DOGE. On the other hand, the RSI is currently near the oversold levels, which indicates that the price may find some support at lower levels. DOGE price is below the 20-period moving average and the 50-period moving average, which indicates that the bears are in control of the market.

    Upcoming Trend

    If the price breaks below the support at $0.0450, it could decline further to $0.0350 in the short term. On the other hand, if the price rallies and breaks above $0.0737, it could test at $0.0800 in the near term.

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    DOGE Technical Analysis: DOGE Set to Break Lower Low Next Week
    William Surberg
    Sergio is a cryptocurrency journalist based in the United States. He describes himself as late to the game, entering the cryptosphere when the price rise happened in December 2017. Having a computer engineering background, living in the United states, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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