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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Daily downtrend since Oct 4, falling — the last lower high is 0.08380
The setup is clearly bearish while DOGE stays under 0.07797: lower highs and lower lows, price at the bottom of the run.
Backing it: on the daily chart, each peak and each dip has been lower than the last, the weekly chart is down and the indicators favour the sellers' side.
Price is under the 50-day average (0.08482). It is under the 200-day average (0.08562).
The last 5 days are down 3.5%, nearly every high lower than the one before.
Price is 15.0% under 0.08380, the last lower high, and 1.4% over 0.07022, the trend's low.
The first warning would come earlier: a daily close over 0.07404, the nearest swing high, 3.8% away.
What kills the setup: a daily close over 0.07797, 8.7% away.
For it: The trend has real strength, with the sellers in control; price is under the average price buyers have paid since the 0.06757 low, 0.08540, so those buyers are losing money.
Against it: RSI and OBV show a bullish divergence: price set a lower low that momentum did not confirm.
While DOGE stays under 0.07797 the setup stays bearish; 0.07022 is the next line it has to break.
A 1D close above 0.07797 ends the downtrend pressing its lows; no tested level above it on this chart — the next round number is 0.08000.
A 1D close below 0.07022 carries the downtrend past its last low; the next level down is 0.06789.
0.07022 is the floor — the trend's low, set Nov 5.
0.08380 is the ceiling — the last lower high (Oct 21) — the line the downtrend stays under.
DOGE has been in a downtrend since Oct 4: its lows have stepped down (0.08108, then 0.07609, then 0.07022), and so have its highs (0.09760, then 0.08813, then 0.08380). Price is 1.4% over the trend's low, 0.07022 (Nov 5). The last lower high is 0.08380 (Oct 21), 15.0% above price; no daily close has gone over it.
The weekly picture: a weekly downtrend, 90% under the all-time high; on the daily, price is below the 200-day average (0.08562), and the 50-day average is below the 200-day average. The daily trend goes the same way as the weekly.
Against BTC: over the last 5 daily candles DOGE moved -3.5% and BTC -1.2% — DOGE is the weaker chart.
Sellers have had the daily since Oct 4: each bounce has been sold lower than the last, and no daily close has cleared a lower high.
The rest of the chart backs the downtrend. The trend has real strength, with the sellers in control. Price is under the average price buyers have paid since the 0.06757 low, 0.08540, so those buyers are losing money.
What doesn't fit: RSI and OBV show a bullish divergence: price set a lower low that momentum did not confirm. These are the cracks in an otherwise intact downtrend.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 0.08562 | +20.3% | swing, read |
| Swing high | 0.08482 | +19.5% | swing, read |
| Swing high | 0.08380 | +17.7% | swing, eq liq |
| Swing high | 0.08000 | +12.4% | swing, read |
| Swing high | 0.07797 | +10.0% | swing, read |
| 2-TF resistance | 0.07473 | +5.0% | confluent, fib |
| Swing high | 0.07404 | +4.0% | swing, read |
| Fib retracement | 0.07333 | +3.0% | fib, sr |
| 2-TF resistance | 0.07260 | +2.0% | confluent, order block |
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