And while the MACD (moving average divergence/convergence) histogram, the indicator below the price chart, shows strong upward momentum, the stochastic oscillator has turned lower from above-80 or overbought levels, suggesting scope for a bull breather or temporary price pullback. Chart analysts use the MACD to gauge trend strength and trend changes and stochastic to identify overbought and oversold levels.
Source: https://www.coindesk.com/markets/2022/11/02/dogecoin-outpaces-200-day-average-by-most-since-june-2021/?utm_medium=referral&utm_source=rss&utm_campaign=headlines