AIDOGE | Bounce Potential: 200-Day MA and 0.236 Fib Hold Strong!
**AIDOGEUSDT Analysis**
The **200-day MA** (red line) is currently acting as strong **support**, with the price pulling back and holding above it after recent downside pressure. The market has also retraced to the **0.236 Fibonacci level**, which aligns with this critical support area.
- **RSI**: At ~44, showing mild bearish momentum but not oversold.
- **MACD**: Displays a bearish crossover, signaling potential short-term downside risk.
As long as the **200-day MA** holds, this zone could serve as a base for a potential rebound. A breakdown below it would signal further downside. Stay prepared for both scenarios!
The **200-day MA** (red line) is currently acting as strong **support**, with the price pulling back and holding above it after recent downside pressure. The market has also retraced to the **0.236 Fibonacci level**, which aligns with this critical support area.
- **RSI**: At ~44, showing mild bearish momentum but not oversold.
- **MACD**: Displays a bearish crossover, signaling potential short-term downside risk.
As long as the **200-day MA** holds, this zone could serve as a base for a potential rebound. A breakdown below it would signal further downside. Stay prepared for both scenarios!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.