DOGE

DOGE AI Trading (Date: 2025/06/17 02:01 UTC) decision background is summarized.

Technical Analysis of Daily Chart

Currently, the key indicators and patterns visible on the daily chart of DOGE coin show that the price trend over the past 300 days plays an important role. The current price is approaching recent lows, and is showing a downward trend in the chat pattern. This suggests that the short-term and medium-term price targets are likely to collapse after testing the previous support levels several times.

The RSI (Relative Strength Index) is currently below 40, indicating that it has entered the oversold territory. This suggests the possibility of further declines, meaning caution is needed for buying positions. Additionally, the MACD (Moving Average Convergence Divergence) indicator is also showing a downward trend, which can be interpreted as a sell signal.

The Bollinger Bands are showing a downward trend, emphasizing that price volatility is decreasing. The current volatility may signal that market participants need to proceed cautiously, and a defensive stance against unexpected price drops is necessary. Taking all these factors into account, it should be noted that if the price fails to maintain the current support level, a larger decline may occur.

Analysis of External Factors and Market Trends

Recently, the cryptocurrency market has been experiencing increased volatility due to various external factors. In particular, the emergence of major passive investors and the entry of institutions into the market have a significant impact on coin prices. Currently, interest in DOGE has somewhat decreased, and the recent price decline is raising concerns among investors.

Moreover, meme coins like DOGE have characteristics that can fluctuate significantly based on their utility in the market and major economic indicators. They are likely to be influenced by cryptocurrency-related news and regulatory changes, especially the movements of other major coins. For example, the recent deterioration of key market indicators and concerns about employment recession are lowering the benchmarks for this cryptocurrency, increasing uncertainty.

Therefore, future investment decisions must carefully analyze short-term market trends rather than taking a long-term view, and it is essential to adjust positions accordingly. It will be necessary to consider economic signals alongside technical analysis to create optimal conditions for investors.