Dogecoin DOGE technical analysis

DOGE trades at $0.0817, up 3.03% over 24 hours, but the daily trend remains a downtrend below its SMA20 at 0.085731, SMA50 at 0.0879558 and SMA200 at 0.087152. The 4h RSI14 reads 82 while the 1D RSI14 sits at 34, a stretched short-term reading against a weak larger frame.

The immediate battle is the 4h support at 0.0809573-0.0812027, which has 1 touch, sitting just under price. Firmer footing is the 4h support at 0.08004-0.08048 with 4 touches, the most-tested zone on the chart; overhead, the first cap is 4h resistance at 0.0827773-0.0830227.

Bulls would need acceptance above 0.0827773-0.0830227 to open 0.0837673-0.0840127. Bears need a break of 0.0809573-0.0812027 to test 0.08004-0.08048, with the rising trendline near 0.0764048 as the deeper daily line.