Su'esu'ega Fa'atekinisi a le DOGE: Pe o le a sasaina ea e Coin Bears mo se Si'itia Matagofie?

• Dogecoin (DOGE) can be seen currently moving in a sideways trend.
• RSI indicator at the current moment is generating a sell signal.
• The prices of the coin may be seen rising after a consolidation zone or trendline breakout.

The technical analysts might have observed that the price of the coin is currently fluctuating between $0.097 and $0.070. The coin has tried multiple times to break this range on the upside but was unsuccessful in doing so. Therefore, if a breakout of this range occurs this time, the investors may witness a bull surge. After the tweet by Elon musk, now there are chances for DOGE to form a solid bullish rally, breaking all resistances spanning over a few weeks.

Monoscopic Vaaiga

On the daily chart, apart from the range marked, investors can also see the trendline (red line) being drawn. It is clearly visible that the coin has tried to break this trendline and go upwards, but was unsuccessful. Therefore, this trendline breakout may serve as an additional confirmation to the bull rally. Moreover, the coin previously moving sideways for a long time gave a breakout of one of its strong resistance levels i.e. $0.08219 and after which the price rose up to $0.15162.

The MACD indicator has shown a bearish crossover, indicating that the bulls are now under the control of the bears. The histograms of the MACD are turning light red, which implies that this crossover is weakening, and forming a possibility of a bullish crossover. The RSI curve, on the other hand, is currently trading below its 50-point mark at 43.04. Overall, it can be said that the MACD indicator is neutral, while a sell signal is being delivered by the RSI indicator.

Va'aiga Fa'ata'oto

On the short-term chart, the investors can see a Death Crossover, which suggests that the prices may drop in the near future. Furthermore, at current levels, the coin’s prices can be seen consolidating. As a result, depending on the breakdown or breakout of the consolidation zone, investors may witness a bearish or bullish move in the future.

What after consolidation?

After the consolidating phase, DOGE can rise taking support of the various support zones. If prices break out of the resistance of $0.100, it may establish a high run targeting for the $0.1500. This rally can test higher resistances and even aim for the all time high.

iʻuga

Investors might have come to the conclusion that the coin may consolidate at present price levels for some time before initiating a bull move after examining the daily and short-term charts. Additionally, a Death Crossover on the short-term chart raises the possibility of a downfall in prices.

Tomai Faʻapitoa

Tulaga tetee - $0.09728 ma le $0.10582

Laasaga lagolago – $0.07078 ma le $0.05720

teena o meatotino: O manatu ma manatu o loʻo taʻua e le tusitala, poʻo soʻo se tagata o loʻo taʻua i lenei tusiga, e mo naʻo faʻamatalaga faʻamatalaga, ma latou te le faʻavaeina tupe, tupe faʻafaigaluega, poʻo isi fautuaga. O le teu fa'afaigaluegaina po'o le fefa'ataua'iga o aseta crypto e sau ma se tulaga lamatia o tupe gau.

O Andrew o se tagata e fausia poloka poloka na atiina ae lona fiafia i cryptocurrencies aʻo maeʻa lona faauuga. O ia o se tagata e mataʻituina faʻamatalaga ma faʻasoa lona naunau mo le tusitusi faʻatasi ai ma le avea ma se atinaʻe. O lona malamalama i tua e uiga i poloka poloka e fesoasoani ia te ia e tuʻuina atu ai se vaaiga tulaga ese i ana tusitusiga

O tala fou a Andrew Smith (vaai uma)