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1.5 DOGE Today's Price Maze! Technical Analysis Reveals the Truth of the Bull-Bear Struggle!
Technical Analysis and Today's Forecast
1. Candlestick and Moving Average System Analysis
4-Hour Candlestick Chart: DOGE has shown a clear upward trend recently and has broken through multiple moving average resistance levels. The 7-day moving average (MA7) is strongly rising, currently forming short-term support at 0.38868. Overall, the short-term trend remains bullish, but after approaching the previous high of 0.39864, the momentum has weakened.
1-Hour Candlestick Chart: There are clear signs of high-level consolidation, with bullish momentum weakening. At the same time, the distance between MA7 and MA30 is narrowing, indicating a potential short-term pullback risk.
2. Review of Yesterday's Trend
Yesterday, DOGE started to rise from around 0.365, peaking at 0.39864, which corresponds to the characteristics of oscillating upward after a breakout, but it failed to effectively break through the psychological barrier of 0.400. This position has heavy resistance. Today, the short term may focus on a high-level pullback correction, and caution is needed for the risk of false breakouts falling back to the support area.
1. Candlestick and Moving Average System Analysis
4-Hour Candlestick Chart: DOGE has shown a clear upward trend recently and has broken through multiple moving average resistance levels. The 7-day moving average (MA7) is strongly rising, currently forming short-term support at 0.38868. Overall, the short-term trend remains bullish, but after approaching the previous high of 0.39864, the momentum has weakened.
1-Hour Candlestick Chart: There are clear signs of high-level consolidation, with bullish momentum weakening. At the same time, the distance between MA7 and MA30 is narrowing, indicating a potential short-term pullback risk.
2. Review of Yesterday's Trend
Yesterday, DOGE started to rise from around 0.365, peaking at 0.39864, which corresponds to the characteristics of oscillating upward after a breakout, but it failed to effectively break through the psychological barrier of 0.400. This position has heavy resistance. Today, the short term may focus on a high-level pullback correction, and caution is needed for the risk of false breakouts falling back to the support area.
$DOGE / USDT (SHORT) 🔴
☆ ENTRY ZONE ⤵️
● Market Price: $0.14507
☆ TAKE PROFIT TARGETS ⤵️
● TP 1 = $0.14214
● TP 2 = $0.14055
☆ STOP LOSS ⤵️
● SL = $0.14700
☆ LEVERAGE ⤵️
● 20x
#DOGE #DogeCoin #doge⚡️ #DOGE🔥🔥 #Dogecoin
☆ ENTRY ZONE ⤵️
● Market Price: $0.14507
☆ TAKE PROFIT TARGETS ⤵️
● TP 1 = $0.14214
● TP 2 = $0.14055
☆ STOP LOSS ⤵️
● SL = $0.14700
☆ LEVERAGE ⤵️
● 20x
#DOGE #DogeCoin #doge⚡️ #DOGE🔥🔥 #Dogecoin