🐶 $DOGE

/USDT Technical Analysis: A Bullish Path Ahead? 🚀

Current Price: $0.40888 (+1.68%)

Dogecoin is gaining traction, and its recent momentum suggests an opportunity for traders to capitalize on potential breakout levels. Here's what the charts reveal:

Key Levels to Watch

1️⃣ Target 1: $0.41234

This is the 24h high and a strong resistance zone. A break above this level could signal further bullish momentum.

2️⃣ Target 2: $0.43000

If DOGE maintains its upward trajectory, this psychological barrier is the next target. It also aligns with the Fibonacci 1.618 extension, a common profit zone for traders.

3️⃣ Target 3: $0.45000

Breaking this level could trigger a parabolic rally, as it represents a multi-week high. Watch for strong volume confirmation here.

Support Levels

$0.39111 (24h Low): Critical support zone. A drop below could lead to further downside.

$0.38000: A key support level, aligning with the 200 EMA on the 4H chart.

Indicators to Note

RSI: Currently at 60, indicating moderate bullish momentum but not yet overbought.

MACD: Bullish crossover on the 1D chart, supporting upward movement.

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