Markets· ★★· bearish·

Dogecoin falls 2.13% to $0.0786, trading below all key moving averages

  • —DOGE trades below its 5-, 7-, 10-, 15-, 20-, 30-, 50-, 90- and 200-day SMAs
  • —Volume of $614.77M is 47.57% below the 30-day average
  • —RSI at 35.4 and stochastic at 11.4 point to persistent selling pressure
  • —Market cap is $12.29B with annualized volatility of 74%
Why it matters: Thin volume and bearish momentum offer no reversal signal, so holders should wait for a reclaim of the short-term averages.
#DOGE
Source: DiarioBitcoin
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