DLC Daily (1D) DOGE Price Analysis -

Daily (1D) DOGE Price Analysis

Elon Musk’s quote on X (formerly Twitter) likening it to a dog and DOGE to a friendly one had limited impact on DOGE’s price. DOGE’s price suffered a setback, breaking its bullish trend. The shift to a bearish trend could lead to a retest of the $0.056 demand area, historically respected for price bounces. Holding above $0.056 is crucial; failure might result in new lows.

DOGE/USDT trades below its 50-day EMA and 23.6% Fibonacci Retracement value, indicating bear dominance. The MACD on the daily timeframe signals bear control, possibly continuing unless bulls defend the $0.055 region. The RSI, below 40, suggests more sell orders.

A buy order at $0.060 could offer profit potential as the market reverses its downtrend.

Support: $0.06
Resistance: $0.071
MACD: Bearish

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