$DOGE Analysis of the trend in the next 24 hours
Friends, let's take a look at the technical analysis of DOGE!
The current price of Dogecoin is 0.3825 USDT, which has increased by 3.33% in the past 24 hours, and the performance is not bad.
Let's take a look at a few important indicators:
EMA:
7-day EMA: 0.3701025-day EMA: 0.3662799-day EMA: 0.29572
The current price of Dogecoin is higher than both the 7-day and 25-day EMAs, which shows that it is a bit bullish in the short term.
RSI:
The 6-hour RSI is 53.50, which shows that Dogecoin is neither strong nor weak now, but has a tendency to rise, and has not yet reached the point of overheating.
MACD:
The MACD column is almost close to the zero axis, which means that the trend of Dogecoin may change.
Trading volume:
The trading volume is decreasing, which means that everyone is now waiting and watching, waiting to see how Dogecoin will move next.
In the next 24 hours, I think there are two possibilities:
Bullish scenario:
If the price of Dogecoin continues to be higher than the 7-day and 25-day EMAs, it may rise to between 0.38 and 0.39 USDT.
Bearish scenario:
If the price falls below the 25-day EMA, it may pull back to between 0.36 and 0.35180 USDT.
Friends who want to enter the market, listen carefully:
Want to buy Dogecoin:
The price reaches between 0.372 and 0.374 USDT, and you must confirm that there is a good candle chart above the 7-day EMA before entering the market. The target profit is 0.38 to 0.39 USDT, and the stop loss is set at 0.3650 USDT.
Want to sell Dogecoin:
If the price cannot stay above the 7-day EMA, you can sell it between 0.369 and 0.370 USDT. The target profit is 0.36 to 0.35180 USDT, and the stop loss is set at 0.3750 USDT.
Finally, I would like to remind you a few points:
The market of Dogecoin is now fluctuating in a narrow range. Don't rush to enter the market. Wait until it breaks through or falls below.
Risks must be controlled well. Each transaction should not exceed 1-2% of your total funds.
You must also keep an eye on the news and market sentiment, which can affect the price of Dogecoin.
Recently, I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. It is expected that there will be no problem with more than 10 times the space. The number of places is limited! If you want to follow up, like + leave a message.
