$DOGE
๐ DOGE/USDT Technical Analysis โ Binance Update
Current Price: $0.31651 (-12.60%)
24h High: $0.36734 | 24h Low: $0.30001
24h Volume (DOGE): 5.45B DOGE
24h Volume (USDT): $1.77B
Key Indicators
1. SAR (Stop and Reverse): Current SAR is 0.43357, showing strong bearish momentum as the price is far below this level.
2. Bollinger Bands: Price is near the lower band, indicating oversold conditions or potential for a short-term reversal.
3. MACD: A bearish crossover signals continued downward momentum. However, decreasing selling volume suggests weakening bearish strength.
Targets ๐ฏ
1๏ธโฃ Target 1: $0.35
Immediate resistance level close to the 24h high. A breakout here may indicate recovery toward higher levels.
2๏ธโฃ Target 2: $0.38
Strong resistance and a key level for further bullish confirmation.
3๏ธโฃ Target 3: $0.43
Aligned with the SAR, this level would indicate a complete trend reversal if reached.
Trading Strategy
๐ Bearish Scenario: If the price breaks below $0.30, further downside toward $0.28 or lower is likely. Watch for increased volume on downward moves.
๐ Bullish Scenario: A rebound above $0.35 could attract buyers, targeting $0.38 and $0.43. Look for higher volume to confirm buying interest.
๐ก Risk Management: Use stop-loss orders near $0.30 to minimize risk during high volatility.
โ ๏ธStay alert for market movements and trade wisely! ๐