DOGECOIN (DOGE) is struggling to resume traction. It has dropped by more than 5% in the last seven days and has been negotiated below $ 0.25 since the end of February. Despite brief signs of momentum, technical indicators still reflect a lower bias, with key resistance levels capping at attempts up.
The Ichimoku cloud remains red, the EMA lines are always lowering and the action of prices continues to hover below critical areas for activating trends. However, a clear change in Bbtrend and the improvement of the Momentum metrics suggest that traders carefully watch for an attempt at potential rupture.
Dogecoin faces resistance because the structure of Ichimoku Bearish persists
The current Dogecoin Cloud Ichimoku graphic shows a clear bearish structure, with a price action remaining below the Kumo (cloud), which is shaded in short -term red.
The Blue Tenkan-Sen (conversion line) is positioned under the Red Kijun-Sen (basic line), strengthening a short-term lower perspective.
In addition, price candles find it difficult to break above Tenkan-Sen, which acts as a dynamic resistance and preventing the moment of construction. This generally indicates low purchase pressure in the current market phase.
In the meantime, the Kumo Cloud to come goes from red to green, indicating a potential change in feeling if the price manages to approach and penetrate the cloud.
However, the cloud itself is relatively thick, which suggests a strong area of resistance which will require significant bullish momentum to overcome. Until the price enters or breaks above the cloud, the dominant bias remains lower.
Kumo’s current flat base could also act as a magnet, attracting the price to it, but a sustained advantage will depend on the possibility of passing the cloud.
Doge sees a strong inversion while Bbtrend becomes positive
The Bbtrend indicator of Dogecoin has reversed strongly bullish, going to 2 from -3.14 just a day ago.
The Bbtrend (Bollinger Band Trend) is an indicator of Momentum which measures the strength and direction of the price movement compared to its Bollinger bands.
The values higher than zero suggest an upward impulse, while the values lower than the down pressure of the zero signal. The higher the positive value, the higher the momentum; Likewise, deeper negative values indicate stronger decrease trends.
With Bbtrend de Doge now at 2, this indicates a potential change in feeling and increasing bullish. This net reversal suggests that the purchase of pressure increases and that the asset can enter a recovery phase.
Although it does not confirm a sustained increase in itself, a BBTREND in positive territory often precedes other gains, in particular if it is supported by an increase in volume and monitoring of prices.
Merchants can consider this as an early signal to monitor potential prosecution.
DOGE must break $ 0.206 to return the trend – or the risk of dropping to $ 0.168
The EMA lines of Dogecoin remain in a lower alignment, with short -term averages still lower than those in the long term, reflecting a continuous drop pressure.
If the current rebound cannot gain strength, DOGE could soon give support to $ 0.168, which was held in recent sessions. Without a decisive change in the momentum, this level can act as a magnet for short -term price action.
The absence of EMA crosses maintains the general downward trend for the moment.
On the other hand, if the momentum is strengthening and Doge manages to break the resistance at $ 0.206, it could trigger a wider reversal. In this case, the next upward objectives would be $ 0.232 and potentially $ 0.254, assuming sustained monitoring.
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