$DOGE Daily Analysis
DOGE is at 0.30999, down 0.93% for the day, pulling back from a high of 0.48434. The MA99 moving average provides weak support, the MA7 and MA25 are in a bearish arrangement, and the MACD shows strong bearish signals, indicating a bearish short-term outlook.
Support levels are at 0.3050, 0.2800, and 0.2450; resistance levels are at 0.3410 and 0.3720.
If it breaks below the support at 0.3050 in the short term, it will test 0.2800; if it breaks above the resistance at 0.3410, it is expected to challenge the 0.3720 area.
When the support at 0.3050 stabilizes, consider a light long position, with take profit set at 0.3410 and 0.3720, and stop loss at 0.3000.
If it encounters resistance near 0.3410, enter a position with take profit at 0.3050 and 0.2800, and stop loss at 0.3500.
