$DOGE Currency Analysis on the hourly frame:
Indicator Analysis:
1. Moving Averages (MA):
MA(7): The price is moving above the short moving average (7), indicating an attempt to rise.
MA(25): The price is close to the average (25), a level that can be considered support.
MA(99): A little far from the current price, which is a strong long-term support at 0.36103.
2. MACD:
The DIF line (yellow) is very close to the DEA (red), indicating weak negative momentum and a possible reversal.
3. RSI:
The relative strength level is at 46.22, indicating a neutral zone, with a slight upward bias.
4. Parabolic SAR:
The dots are above the last candles, reflecting a temporary downward trend.
Supports and Resistances:
Supports:
1. First support at 0.375 (24-hour low).
2. Second support at 0.354 (level close to MA(99)).
Resistances:
1. First resistance at 0.398 (24-hour high).
2. Second resistance at 0.401 (recent local high).
Expectation♥♥:
If the price breaks the 0.398 level, it may target 0.401 and maybe higher.
In case of a downtrend, the support at 0.375 will be important, and breaking it may push the price to lower levels.
If you intend to make a trading decision, make sure to use a stop loss to limit the risks♥♥.