$DOGE /USDT Technical Analysis
Dogecoin (DOGE) is currently trading at $0.41089, showing a +9.06% increase in the last 24 hours. Based on the chart and market data, DOGE is exhibiting a Bullish Momentum. Below are three target levels and a trade setup.
Trade Momentum
Trend: Bullish
Key Levels: Support and Resistance levels are crucial.
Support Levels:
$0.38000 (Major Support)
$0.36537 (24h Low - Strong Support)
Resistance Levels:
$0.41909 (24h High - First Resistance)
$0.45000 (Psychological Resistance)
Trade Setup
1. Entry Zone:
$0.40000 - $0.41000 (Ideal Buy Zone)
2. Stop Loss (SL):
Set at $0.37500 to minimize losses.
3. Target 🎯 Levels:
Target 1 (T1): $0.43500
Target 2 (T2): $0.45500
Target 3 (T3): $0.48000
Indicators Analysis:
Moving Average (MA): The price is above both the 50-EMA and 200-EMA, signaling a continuation of the bullish trend.
RSI (Relative Strength Index): RSI is between 65-70, indicating bullish momentum but nearing the overbought zone.
MACD (Moving Average Convergence Divergence): MACD is above the signal line, confirming a buy trend.
Trade Signal Suggestion:
Enter between $0.40000 - $0.41000.
Take partial profit at $0.43500 (T1) and move the stop loss higher.
For a long-term target, aim for $0.48000 (T3).