DOGE Price Drops 7.3% Despite Strong Bullish Trend – Key Support at $0.18 in Focus
The post DOGE Price Drops 7.3% Despite Strong Bullish Trend – Key Support at $0.18 in Focus appeared on BitcoinEthereumNews.com. Alvin Lang Jul 29, 2025 04:39 Dogecoin trades at $0.23 after a 7.3% decline, but technical indicators suggest the overall bullish trend remains intact with neutral RSI providing potential buying opportunities. Quick Take • DOGE currently trading at $0.23 (-7.29% in 24h) • Dogecoin’s RSI sits in neutral territory at 53.81, suggesting consolidation phase • No major news catalysts driving current price action, focus shifts to technical levels What’s Driving Dogecoin Price Today? The DOGE price movement over the past 24 hours appears driven primarily by technical factors rather than fundamental news, as no significant developments have emerged in the cryptocurrency space affecting Dogecoin specifically. The 7.29% decline has brought DOGE price back to a critical juncture where multiple technical indicators converge. Market participants are closely watching Bitcoin’s broader influence on altcoin sentiment, with Dogecoin often following the general cryptocurrency market direction during periods of low news flow. The substantial trading volume of $367.6 million on Binance spot market indicates continued institutional and retail interest despite the price decline. DOGE Technical Analysis: Mixed Signals Point to Consolidation Dogecoin technical analysis reveals a complex picture where short-term bearish momentum conflicts with longer-term bullish structure. The DOGE RSI reading of 53.81 places the meme coin in neutral territory, neither oversold nor overbought, which historically has provided good entry opportunities for swing traders. The MACD histogram shows bearish momentum with a reading of -0.0029, indicating that selling pressure is currently outweighing buying interest. However, Dogecoin’s position relative to its moving averages tells a different story. The DOGE price sits right at both the 7-day and 20-day simple moving averages ($0.23), while trading significantly above the 50-day SMA at $0.19. Dogecoin’s Bollinger Bands position reveals the cryptocurrency is trading in the middle of its recent range,…
The post DOGE Price Drops 7.3% Despite Strong Bullish Trend – Key Support at $0.18 in Focus appeared on BitcoinEthereumNews.com.
Alvin Lang Jul 29, 2025 04:39 Dogecoin trades at $0.23 after a 7.3% decline, but technical indicators suggest the overall bullish trend remains intact with neutral RSI providing potential buying opportunities. Quick Take • DOGE currently trading at $0.23 (-7.29% in 24h) • Dogecoin’s RSI sits in neutral territory at 53.81, suggesting consolidation phase • No major news catalysts driving current price action, focus shifts to technical levels What’s Driving Dogecoin Price Today? The DOGE price movement over the past 24 hours appears driven primarily by technical factors rather than fundamental news, as no significant developments have emerged in the cryptocurrency space affecting Dogecoin specifically. The 7.29% decline has brought DOGE price back to a critical juncture where multiple technical indicators converge. Market participants are closely watching Bitcoin’s broader influence on altcoin sentiment, with Dogecoin often following the general cryptocurrency market direction during periods of low news flow. The substantial trading volume of $367.6 million on Binance spot market indicates continued institutional and retail interest despite the price decline. DOGE Technical Analysis: Mixed Signals Point to Consolidation Dogecoin technical analysis reveals a complex picture where short-term bearish momentum conflicts with longer-term bullish structure. The DOGE RSI reading of 53.81 places the meme coin in neutral territory, neither oversold nor overbought, which historically has provided good entry opportunities for swing traders. The MACD histogram shows bearish momentum with a reading of -0.0029, indicating that selling pressure is currently outweighing buying interest. However, Dogecoin’s position relative to its moving averages tells a different story. The DOGE price sits right at both the 7-day and 20-day simple moving averages ($0.23), while trading significantly above the 50-day SMA at $0.19. Dogecoin’s Bollinger Bands position reveals the cryptocurrency is trading in the middle of its recent range,…
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