2025-10-22 06:36:04

📈 Technical outlook Dogecoin

▫️Dogecoin fails to hold above the $0.2000 psychological support, resulting in a new lower high on the 4-hour chart, which forms a declining trendline connected with Thursday’s high. At the time of writing, DOGE edges lower by nearly 1% on Wednesday, extending the 2.87% loss from the previous day.

▫️The ongoing correction approaches the $0.1781 support level marked by the October 12 low.

▫️The technical indicators on the 4-hour chart suggest a bearish shift in trend momentum as the Moving Average Convergence Divergence (MACD) crosses below its signal line, which confirms a drop in bullish momentum.

▫️Additionally, the Relative Strength Index (RSI) at 45 on the same chart indicates that selling pressure is gradually increasing, with space for further correction before reaching the overbought zone. #OctoberMarketPrediction
▫️A potential bounce back in DOGE should surpass Tuesday’s high at $0.2056 to confirm the trendline breakout, which could target the R1 Pivot Point level at $0.2172

DOGE0,15%

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