$DOGE After sharing our analysis on DOGE, a strong movement has begun, and the price has increased nearly 3 times. As seen on the chart, the breakout from a long-standing consolidation phase has finally occurred. This breakout was supported by strong volume, and the price quickly tested key resistance levels.
Key Levels:
Support Levels:
0.1952 USD
Resistance Levels:
0.3309 USD (currently tested resistance)0.5154 USD (medium-term target)0.7388 USD (long-term target)
Evaluation:
In DOGE's current movement, the price has made a strong exit from the previous consolidation area, attracting more buyer interest in the market. Maintaining above the 0.1952 level would be positive for the continuation of the uptrend. If the current resistance at 0.3309 breaks, the price could move towards the next resistance at 0.5154.
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However, during pullbacks, it is crucial to watch for the preservation of support levels at 0.2488 and 0.1952. If these levels break, selling pressure could increase.
Based on volume and the overall market outlook, DOGE is at a stage where the rally could continue. For long-term targets, attention should be paid to the general market trend.
Note: This analysis is not investment advice. Please make investment decisions based on your own research.