DOGE

DOGE AI Trading (Date: 2025/04/13 02:01 UTC) decision background is summarized.

Daily Chart Analysis

The main pattern observed in the recent 300-day chart of DOGE coin shows a basic upward trend; however, it has been showing a downward trend in recent weeks. The recent closing price is 241, which may indicate an oversold condition.

The Relative Strength Index (RSI) is currently in the mid-40s, approaching a sell state. The trendline shows a slight downward trend, but the support level is positioned between 230 and 240, indicating the possibility of a rebound. Looking at the Moving Average (MA), the short-term MA (50 days) is still above the long-term MA (200 days), signaling an overall upward trend.

The MACD indicator is also positioned in the neutral zone, with slight positive signs being detected. If DOGE breaks through 250, further gains can be expected. However, considering the short-term downward trend, it may be a time to consider short positions or profit taking.

External Factors Analysis

Recent external factors related to DOGE include significant influences from social media and mentions by key influencers. Well-known influencers showing a positive stance on DOGE have increased the buying desire among investors. However, due to the overall uncertainty in the market, investors are showing somewhat cautious reactions.

Moreover, the high volatility in the global cryptocurrency market is also affecting the price of DOGE. While the price of Bitcoin is declining, DOGE has also been impacted, directly affecting the trading volumes on external investment platforms or exchanges related to DOGE.

Additionally, as the use cases for DOGE increase, this has a positive impact; however, it should not be overlooked that there is still a lack of essential use cases. Therefore, the future price prediction for DOGE is expected to be highly volatile depending on these external factors and the results of internal technical chart analysis.