$DOGE Analysis and Prediction - Potential Bounce Ahead?
Key Observations:
1. DOGE/USDT recently dropped to a 24H low of $0.32444, forming a potential short-term support.
2. Resistance levels can be observed at $0.33398 and $0.33863, indicating potential retracement zones if bullish momentum picks up.
3. Recent price action shows a recovery attempt after the low of $0.32575, suggesting a possible bounce or consolidation phase.
Trading Strategy:
Entry Range: $0.3280–$0.3320
Targets:
Target 1: $0.3350
Target 2: $0.3385
Target 3: $0.3420
Stop Loss: $0.3230 (below the recent low to account for volatility)
Market Behavior: DOGE may test its immediate resistance near $0.3339 if buying pressure increases. A break above this level could open the path toward $0.3386. Traders should monitor volume and momentum closely for confirmation of a reversal.
#CryptoTrading #DOGEUSDT #BinanceSquareTalks #TechnicalAnalysis