Dogecoin Price Forecast: A close below the 200-day EMA hints at further correction


Dogecoin price found rejection from its previously broken ascending trendline (drawn by connecting multiple lows since June 22) on Sunday and declined by nearly 3% the following day. At the time of writing on Tuesday, it hovers around its 200-day EMA at $0.211.

If DOGE closes below the $0.211 level on a daily basis, it could extend the correction to retest its weekly support at $0.181.

The Relative Strength Index (RSI) on the daily chart reads 46, still trading below its neutral level of 50, suggesting a bearish momentum. The Moving Average Convergence Divergence (MACD) continues to display a bearish crossover, further reinforcing the bearish outlook.

However, if the 200-day EMA at $0.211 holds as support, DOGE could extend the recovery toward its daily resistance level at $0.247.
#DOGE#
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DOGE0.33%
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Ybaservip
ยท 09-02 10:17
Thanks
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Shawamavip
ยท 09-02 05:31
Wlfi is really magical, it will start broadcasting tomorrow.
Pickup code, updated in the evening
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Ryakpandavip
ยท 09-02 05:06
Hold HODL๐Ÿ’Ž
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