ArbDoge AI Price Prediction as AIDOGE Blasts Up 5% – Are Whales Buying?
ArbDoge AI, represented by the AIDOGE token, has recently experienced a notable price surge of 5%.
After hitting a low point at 0.000000000128, AIDOGE managed to find support and has since embarked on a recovery, reaching the 0.000000000154 level.
The question now arises: Will AIDOGE continue its upward momentum and surpass this level, or is a drop imminent?
Let's delve into the details to uncover the potential movements of this cryptocurrency.
On the technical front, the AIDOGE/USDT pair is exhibiting a slightly bullish bias, encountering immediate resistance near $0.000000000154.
A closer analysis of the 4-hourly timeframe reveals that ArbDoge AI has completed a 38.2% Fibonacci retracement level at $0.000000000154.
The presence of an inverted hammer and a bearish engulfing candle in the same timeframe suggests a potential halt in the recent uptrend.
Notably, this level coincides with the 50-day exponential moving average, which adds further resistance.
However, if AIDOGE manages to sustain above the $0.000000000154 level, it opens up the possibility of testing the 61.8% or 78.6% Fibonacci extension levels at $0.000000000159 and $0.000000000168, respectively.
Analyzing leading technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), both indicators are currently in a stable zone, supporting the potential to continue the existing trend.
Nevertheless, the 50-day moving average is likely to provide resistance around $0.000000000150 in the short term.
On the downside, if AIDOGE maintains its upward trajectory, it could find initial support around the $0.000000000140 level.
A breach of this support level has the potential to extend the decline toward $0.000000000128.
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