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!
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