Resistance

Dogecoin

Reversal

Coin

<ul class="news-points"> 
 <li>DOGE faces resistance at $0.06209, signaling a potential bearish trend.</li> 
 <li>Bollinger bands indicate short-term consolidation with lower volatility.</li> 
 <li>Stochastic RSI suggests DOGE is oversold, hinting at a possible price reversal.</li> 
</ul> 
Resistance at $0.06209 wiped off the positive momentum in <a href="https://coinedition.com/tag/dogecoin-doge/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> during the last 24 hours. As a result, DOGE bears drove the price down to an intraday low of $0.06064 until buyers stepped in and drove it back toward its price of $0.06081 at press time. 
If DOGE breaks below the $0.06064 support level, the next significant barrier is at the $0.05950 level. However, a sustained buying interest and a subsequent break over the $0.06209 barrier might signal a continuation of the bullish trend towards $0.06300 and $0.06500. 
The DOGE’s market capitalization fell 0.43% to $8.59 billion, while its 24-hour trading volume plunged 23.80% to $209.51 million. This decline in market capitalization and trading volume indicates waning investor interest and activity in DOGE, which might lead to a fall in price if the trend persists. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
 <img decoding="async" width="698" height="543" src="https://coinedition.com/wp-content/uploads/2023/09/doge-1-1.png" alt="" class="wp-image-335539" srcset="https://coinedition.com/wp-content/uploads/2023/09/doge-1-1.png 698w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-300x233.png 300w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-225x175.png 225w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-380x296.png 380w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-504x392.png 504w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-90x70.png 90w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-114x89.png 114w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-184x143.png 184w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-572x445.png 572w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-318x247.png 318w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-309x240.png 309w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-212x165.png 212w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-271x211.png 271w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-238x185.png 238w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-104x81.png 104w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-1-96x75.png 96w" sizes="(max-width: 698px) 100vw, 698px"> 
 <figcaption class="wp-element-caption"> DOGE/USD 24-hour price chart (source: <a href="https://coinmarketcap.com/currencies/dogecoin/#News" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>) 
 </figcaption> 
 </figure> 
</div> 
The linear movement of the Bollinger bands on the 2-hour… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/doge-bulls-retreat-at-resistance-oversold-signals-hint-reversal/">DOGE Bulls Retreat at Resistance, Oversold Signals Hint Reversal</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

DOGE Bulls Retreat at Resistance, Oversold Signals Hint Reversal

Coin Edition

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