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🤑🤑Enter my first article in the reward 🤑🤑
$DOGS Currency Recommendations
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1. Current price 🪙
💰 Price: 0.0005480 USDT
⬆️ Percentage increase over 24 hours: +6.72%
⬇️ Lowest price in 24 hours: 0.0004639
🔝 Highest price in 24 hours: 0.0005551
📈 Reading:
The currency is showing bullish movement after bouncing off the low at 0.0004639, indicating buying interest and fresh liquidity entering.
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2. Moving Averages (MA) 🟡
📉 MA(7): 0.0005305
📉 MA(25): 0.0005225
📉 MA(99): 0.0006026
📋 Reading:
The current price is above MA(7) and MA(25), indicating a short-term bullish trend.
The price is still below MA(99), which means the long-term trend is still bearish.
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3. Relative Strength Index (RSI) 💪
⚠️ RSI(6): 74.24
📋 Reading:
The RSI is close to the overbought level (>70), indicating a possible correction is imminent if the bullish momentum does not continue $DOGS .
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4. Stochastic RSI Indicator 🌀
%K: 88.69
%D: 76.93
✅ Stochastic RSI: 100
📋 Reading:
The overbought condition is very strong, which increases the possibility of a calm rise or a temporary correction.
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5. Volume 🔊
📊 24h trading volume: 363.26M
📋 Reading:
High trading volume indicates increased activity in the market, which is a positive indicator that supports the continuation of the upward trend in the short term.
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6. Other Momentum Indicators 🚦
🔴 MACD: Upside momentum remains weak.
❄️ Wm%R(14): -3.99 (overbought).
📋 Reading:
Indicators support strong buying pressure, but oversaturation may lead to a temporary price decline.
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7. Support and resistance levels 🛡️
🟢 Nearby support: 0.0004639
🟠 Nearby resistance: 0.0005551
🔴 Next resistance: 0.0006026
📋 Reading:
If the resistance at 0.0005551 is broken, we may see the currency heading towards 0.0006026.
In case of a correction, the support at 0.0004639 will act as a strong bounce area.
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🎯 Expected goals for the currency 🚀
1. First target (short term): 0.0005551
2. Second target (medium term): 0.0006026
3. Third goal (long term): 0.0006500
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💡 Recommendations
1. For the short term:
Buy when resistance is broken at 0.0005551 with stop loss at 0.0005000.
2. For long-term investors:
Entry at correction near 0.0004639.
3. ⚠️ Caution:
Overbought conditions may lead to a sudden correction, so it is advisable to follow the market closely.
💬 Final Summary
$DOGS is showing strong positive signals in the short term, with the possibility of continuing the rise towards the next resistance at 0.0006026. However, the presence of overbought conditions may lead to a temporary correction, which calls for caution.