DOGE market analysis today:
1. K-line pattern:
The current price of DOGE is 0.378 USDT, which shows a trend of shock consolidation in the near future. The main support level below is 0.350 USDT, while the main resistance level above is 0.400 USDT. If the price can break through the resistance of 0.400 USDT, it may rise further to 0.430 USDT or even 0.450 USDT; if it fails to break through, it may pull back to 0.350 USDT or even test the support level of 0.320 USDT.
2. Technical indicators:
MACD: The MACD fast line is above the zero axis, indicating that the bullish momentum still exists. If the fast and slow lines continue to diverge, the price is expected to continue to rise; if the two lines begin to converge, you need to be alert to the risk of a pullback.
RSI: The current RSI is 64, indicating that the market sentiment is bullish, but it has not yet entered the overbought area (above 70). In the short term, the price still has room to rise, but when it approaches 70, you need to pay attention to possible pullbacks.
EMA: EMA7 (0.375 USDT) is above EMA30 (0.365 USDT), indicating a positive short-term trend. EMA120 forms strong resistance near 0.400 USDT, and a breakout of this area will further confirm the upward momentum.
3. Volume:
Volume increases slightly when prices rise, indicating that the market's buying power is increasing. If the future price breaks through 0.400 USDT accompanied by an increase in volume, it may push prices up further.
Operation suggestions:
Long:
Entry point: It is recommended to enter the market and go long when the price pulls back to 0.365 USDT.
Target stop profit: The first stop profit is set at 0.400 USDT, the second stop profit is set at 0.430 USDT, and the further target can be set at 0.450 USDT.
Stop loss point: The stop loss is set below 0.320 USDT to prevent the price from falling below the main support area.
Short:
Entry point: If the price fails to break through 0.400 USDT, you can short in this area.
Target profit: The first stop profit is set at 0.365 USDT, and the second stop profit is set at 0.350 USDT.
Stop loss point: The stop loss is set above 0.410 USDT to prevent the price from breaking through the resistance level.
The above views are for reference only and are not investment advice.
For more real-time strategy analysis, follow the homepage.
