#DOGE $DOGE

Dogecoin price touches SMA resistance - Forecast today - 22-08-2024

Dogecoin price (DOGEUSDT) rose in the intraday levels, while trading alongside the downward trend line in the medium term, while the RSI reached overbought levels compared to the price’s movements, hinting at negative divergence, with the price recently touching the resistance of the 50-day SMA.

Therefore we expect the price to decline and target the pivotal support of 0.07484, provided the resistance of 0.12010 holds on.