🚨 DOGE/USDT Analysis: Are we approaching the bottom or is the bleeding continuing? 📉🐕
After a strong upward wave reaching levels of 0.10615, the digital dog (DogeCoin) is currently undergoing a sharp correction on the 4-hour chart. Here is a detailed view of the current technical scene:
🔍 Technical indicator readings:
(Moving Averages): We observe a bearish crossover as the price is currently trading below the (MA5, MA10, MA30) averages. The 0.09550 zone has now shifted from support to a fierce resistance hindering upward movement.
(MACD Indicator): The bearish momentum remains dominant. T
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