$DOGE current analysis indicates a neutral outlook in the short term. Traders should proceed cautiously, watching for breakout signals and using stop-loss orders to manage risks effectively. A breakout above the $0.41600 resistance level may initiate a bullish move toward the next resistance at $0.45. A drop below the $0.36705 support level could lead to a further decline, with the next support at $0.33.
Trading Strategy
Short-Term: Traders might consider entering a buy position if the price moves above the $0.41600 resistance, with stop-loss orders to manage risk.
Long-Term: Long-term investors may prefer to wait for a stronger bullish confirmation, such as a break above the 99-day moving average, before buying DOGE/USDT.
