$DOGE

DOGE/USDT Daily Point Analysis and Long/Short Direction Forecast

Market Analysis

The current price of DOGE is $0.30999, with a daily decline of 0.93%. From the daily chart, the price has been continuously retracing from the high of $0.48434 and is currently forming weak support near the MA99 moving average. However, the MA7 and MA25 moving averages are in a bearish arrangement, indicating that short-term market sentiment is bearish. The MACD indicator remains below the zero line, showing strong bearish momentum.

Key Levels

• Support Levels: $0.3050, $0.2800, $0.2450

• Resistance Levels: $0.3410, $0.3720

Long/Short Direction Forecast

In the short term, if DOGE breaks below the $0.3050 support, it may further dip to $0.2800. If it can rebound and break through $0.3410, there is hope to test the $0.3720 area for resistance.

Trading Suggestions

1. Long Strategy:

• Entry: Light position on long when $0.3050 support stabilizes

• Take Profit: $0.3410, $0.3720

• Stop Loss: $0.3000

2. Short Strategy:

• Entry: Enter when resistance near $0.3410 is encountered

• Take Profit: $0.3050, $0.2800

• Stop Loss: $0.3500

Summary

DOGE shows an overall weak trend, and short-term attention should be paid to the $0.3050 support. Trading should control positions and patiently wait for breakthroughs or pullback opportunities at key levels.