$DOGE faces short-term bearish pressure but remains in a long-term bullish trend. Traders should watch key resistance levels at $0.348 and $0.351 and monitor the support at $0.338. Breakouts or breakdowns with volume confirmation will determine the next significant move.
Trading Strategy:
1. For Bulls:
Wait for a breakout above $0.348 (MA25) for confirmation of reversal.
Look for volume spikes to indicate stronger buying pressure.
2. For Bears:
Consider short positions below $0.33899, targeting $0.330 support.
Watch for rejection near $0.348 or $0.351 levels.
3. Neutral Traders:
Observe consolidation patterns before entering positions.
Support and Resistance Levels:
Support:
Immediate support at $0.33899 (24H low).
Next strong support is near $0.330, based on historical price action.
Resistance:
Immediate resistance at $0.348 (MA25).
Strong resistance at $0.35104 (MA99) and $0.36938 (24H high).
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