Dogecoin at $0.08534, trading below lower Bollinger Band
- —DOGE trades at $0.08534, just under the lower Bollinger Band at $0.08564
- —Daily RSI at 38.8 shows a sharp drop but is not yet oversold
- —Nearest support is the daily pivot at $0.08494, then S1 at $0.08018
- —Total crypto market cap fell 2.88% to roughly $2.803 trillion
Why it matters: A daily close back above the band is needed to confirm any recovery, while losing the $0.08494 pivot would remove the nearest support for a bounce.
Source: The Cryptonomist (IT)