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Bitcoin in 24 Hours, DOGE Mirrors Bullish Pattern
This pullback’s decreasing volume emphasizes the waning buying pressure even more. Because there is not much demand, DOGE bulls are reluctant to intervene, which leaves the asset open to more declines. The $0.28 mark is the next crucial support if the 50 EMA does not hold. A decline below this might pave the way for a more severe correction in the direction of $0.21, a level not seen since the last significant breakout in November.
Although it is not yet oversold, DOGE’s current position near 56 on the RSI (Relative Strength Index) front indicates that the downward momentum is intensifying. The market may confirm bearish dominance if the RSI continues to decline.
By: Arman Shirinyan
Source: u.today
