DOGE has a short-term bearish bias on the price charts.
The recovery from the $0.086 zone was encouraging as it showed bulls were still in the fight.
Dogecoin [DOGE] saw its momentum shift bearishly after the recent selling pressure forced prices to dip to the $0.086 support zone. Yet, Bitcoin [BTC] recovered overnight and there was a market-wide bounce in asset prices.
AMBCrypto reported on the performance of the meme coins in 2023 and noted that DOGE showed signs of short-term bearish sentiment in the futures market. Could the bulls reverse this development soon?
The November high was revisited as support
Source: DOGE/USDT on TradingView
The 12-hour price chart showed a bearish market structure had developed. This was followed by the RSI dipping to the 41.5 mark to indicate a shift in momentum.
However, the OBV clung stubbornly to a level of support it has defended throughout December.
In mid-November, DOGE prices reached the $0.085 region. It was a strong resistance level at that
We współpracy z: https://ambcrypto.com/dogecoin-prices-gain-8-2-in-a-day-are-new-predictions-on-the-way/
