DOGE Price Trend Analysis and Key Price Outlook

The price trend of DOGE is currently at a critical juncture. If it cannot successfully rise above $0.400, it is very likely to start a downward correction journey.

During the downward process, the initial support level is around $0.3850, which will be the first to test the price's downward movement. If this support level is effectively broken, the next major support level will be around $0.3750, which provides a certain buffer against further price declines. The most critical major support level is set at $0.3550. Once the price breaks down below this key support, the subsequent downward trend may intensify, and in this case, the price could drop to the $0.3200 level, or even fall to the low of $0.300 in the short term.

From a technical indicator perspective, the MACD on the hourly chart shows that the MACD for DOGE/USD is currently gathering momentum in the bullish zone, providing some technical support for price increases. The hourly RSI (Relative Strength Index) indicates that the RSI for DOGE/USD is currently above the 50 level, suggesting that it is in a relatively strong range in the short term.

In summary, the current major support levels for DOGE are $0.3850 and $0.3750, while the major resistance levels are $0.4000 and $0.4200. Investors need to closely monitor the gains and losses of these key price levels to adjust their investment strategies in a timely manner, in order to respond to the potential fluctuations in DOGE's price and seize opportunities in the complex and ever-changing cryptocurrency market. #比特币突破10万？ #ETH市场新动向 #SOL创历史新高 #XRP与SEC新局面 Cryptocurrency insights, click into the homepage and follow me, bull market hundred-fold potential coin deployment, and daily spot strategy shared.