Doge price analysis: check out these key price levels before buying the next drop

Doge price has fallen in the past two weeks
Medium-term trend works as resistance
200ma continues to act as rejection zone

Dogecoin price review (DOGE)
The Dogecoin price has shown a serious struggle to revive previous levels traded in June. Bitcoin and Ethereum, along with many other coins, have successfully surpassed many downward trends and key resistance brands. Unfortunately for Doge investors, the price seems fairly flat, lacking much-needed bullish strength to return to previous levels. The DOGE price has revived by just 22% compared to the 50% average seen on many other capital letters coins. 

Looking at the chart, we see that the DOJ has created a channel that has risen over the past 16 days. At the time of writing, the Doge price is inches away from a breakaway below this channel’s bottom trend.

If that happens, we can expect the DOGE price to fall to the next support of $ 0.186. This is a big support area that should provide some recovery, but if it holds control, we can expect the price to fall to the next big support of $ 0.166.

Doge price analysis: 4-hour live dogeusdt chart

200ma, shown in light blue, served as a resistance marker for about 80 days. This is a crucial sign for the Doge price to be clear, as it will confirm that the upward trend has been observed for the first time in months. Along with this MA lies a medium-term trend line that keeps the price low for more than a month. Breaking these two brands will cause the Doge price to reach the middle of $ 0.20.

RSI: when we look at RSI, we see that the strength has exceeded the 3-week upward trend. This is a downgrade scenario that could lead to further short-term declines.
MACD: the MACD also fell below 0 in the drop zone.

Intraday Doge analysis

Spot rate: $ 0.195
Trend: Neutral
Volatility: Low
Support: $ 0.186
Resistance: $ 0.212

Post-Doge price analysis: check these key price levels before buying the next drop, first appearing on Coingape.

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