FX.co ★ DOGE seems to be weakening to its nearest support level

[DOGE]

With both EMAs condition still in a Death Cross intersection, even though RSI(14) indicator is in the Neutral-Bullish level, this cryptocurrency has the potential to weaken toward its nearest support level.

Key Levels

1. Resistance. 2 : 0.10096

2. Resistance. 1 : 0.09931

3. Pivot : 0.09743

4. Support. 1 : 0.09578

5. Support. 2 : 0.09390

Tactical Scenario

Pressure Zone: If the price breaks down and closes below 0.09743, there is a potential pressure toward 0.09578.

Momentum Extension Bias: If 0.09578 is broken to the downside, the weakening may continue to 0.09390.

Invalidation Level / Bias Revision

The downside bias is restrained if DOGE strengthens and closes above 0.10096.

Technical Summary

EMA(50) : 0.09819

EMA(200): 0.09947

RSI(14) : 62.61

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Advance GDP q/q - 20:30 WIB

US - Core PCE Price Index m/m - 20:30 WIB

US - Advance GDP Price Index q/q - 20:30 WIB

US - Personal Income m/m - 20:30 WIB

US - Personal Spending m/m - 20:30 WIB

US - Flash Manufacturing PMI - 21:45 WIB

US - Flash Services PMI - 21:45 WIB

US - New Home Sales - 22:00 WIB

US - Revised UoM Consumer Sentimen - 22:00 WIB

US - Revised UoM Inflation Expectations - 22:00 WIB