Dogecoin (Doge) demonstrates indecision in charts on the eve of April 19, since short -term bearish pressure standards are recent bull attempts.
Despite the promising rally in the early day, the popular meme is currently blocked in a close range of consolidation. Since a wider crypto -market experiences easy corrections, Dogecoin’s price activity reflects a similar scheme of uncertainty and caution.
Price action and trend analysis
At the time of writing, Dogecoin is traded at 0.1555 US dollars, which is 0.47% over the past 24 hours. The price reached an intraday maximum of $ 0.159 before retreating to a minimum of $ 0.153. Since then, the dog with all his might has tried to restore the impulse up, forming lower maximums and reduces minimums during the day.
This descending scheme involves a short -term bear tendency. Nevertheless, consolidation from 0.154 to 0.156 US dollars indicates that sellers are losing impulse. The movement associated with the range is narrowing, and the breakthrough either up or down seems inevitable.
Key levels to observe the dog
Key levels for viewing: immediate support is 0.153 US dollars, low point of the day. The breakdown below this level can open the door for further decrease. The next level for viewing is 0.154 US dollars, which happened as insignificant support in the ongoing phase of consolidation.
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On the other hand, the resistance is 0.1563 US dollars, which limited a short rally before the price became lower. In addition, the level of $ 0.159 remains a significant barrier. A steady move above this mark could change the impulse in favor of bulls.
Volume and market sentiments
The volume of trading over the past 24 hours has decreased to $ 568.17 million. USA, which is 23.58%. This reduction in volume involves a weakening of market participation. The coefficient of volatility to the market in the market is at the level of 2.45%, indicating moderate activity, but without the intensity necessary for the breakthrough.
Taken together, lower volume and lateral price movement show indecision among traders; Buyers and sellers look balanced right now.
Technical indicators signal the mixed impulse
The relative force (RSI) index is currently 43.73, below the neutral 50 line. This reading shows soft bear pressure, but there was no clear condition for the resold position. Nevertheless, RSI began to climb slowly, hinting at a possible shift in the mood.
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Meanwhile, the MACD indicator is a cautious bull signal. The MACD line crossed the signal line, although the histogram remains small. This early sign of bull impulse has no confirmation from price and volume.
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