Cryptocurrency Market Experiences a Bearish Collision Leading to a Price Reduction of up to $0.0780.
Dogecoin’s price is falling again as bearish activity dominates the market following a recent recovery from a selloff. The price fell to $0.0780 and is expected to continue falling in the hours to come. The 1-day Dogecoin price analysis indicates bearish activity, with the bears currently holding the upper hand. Despite a good week for buyers, the price has dropped to $0.0780 and the moving average value now rests at $0.0795. The heightened volatility is interpreted as a positive sign for future movements. The Bollinger bands indicator has changed with lower support at $0.0735 and upper resistance at $0.0936. The RSI score is now at 42 following the most recent collapse. The 4-hour Dogecoin price analysis predicts a price drop as bearish momentum dominates the market. The moving average is still higher than the current price at $0.0789. The Bollinger bands average is at $0.0800 with the upper value at $0.0826 and the lower value at $0.0775. The RSI score has decreased to 38 following the negative trend. The market had been favorable to buyers over the previous week but selling momentum is once again on the rise.
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