Is DOGE about to explode in the short term? After the night shock, can Dogecoin hit the $0.45 mark again!

The current real-time price of DOGE is $0.39830. The market fluctuated greatly last night, reaching a high of $0.42877 and a low of $0.39460, with a fluctuation range of nearly 5%. From the trend, DOGE has received strong support in the short term, especially in the $0.394 area, showing a certain rebound potential. If it can break through the $0.42 resistance zone today, DOGE is expected to hit the key level of $0.45 again.

The current market sentiment is cautious, but bullish sentiment dominates in the short term. With the rebound of the overall cryptocurrency market, DOGE is also likely to usher in further gains.

Technical analysis:

Support and resistance:

Support level: The $0.394 to $0.395 area is a strong support level. This price range has attracted buying orders many times, and the market rebound momentum is strong. Resistance: The range of $0.428 to $0.430 is the current key resistance level. After breaking through this range, DOGE is expected to rise further.

Bollinger Band Analysis:

The current DOGE Bollinger Band has slightly expanded, and the price remains near the middle track of the band, indicating that market volatility has increased. If the upper track of $0.428 is broken, the upside is likely to continue to expand.

RSI indicator:

RSI is close to 50, the market is in a state of shock, and does not show obvious overbought or oversold conditions. Therefore, the price may break through and promote the bull market.

Long strategy:

Entry position: If DOGE falls back to around $0.395 and gets support, forming a rebound signal, you can consider going long. Take profit position: The target is $0.428. If the price breaks through this position, it may reach $0.45. Stop loss position: If the price falls below $0.39, stop loss and exit.

Short selling strategy:

Entry position: If the DOGE price rebounds to around $0.428, but fails to break through and there is selling pressure, you can consider shorting. Take profit position: The target is $0.395. If the price fails to effectively break through $0.428, there may be a pullback. Stop loss position: If it breaks through $0.45, the short strategy will fail and stop loss immediately. $DOGE