technical analysis for $DOGE /USDT, including trade signals, target levels, and momentum:šÆš„š„š
Current Price: 0.33115 USDT
Support Levels:
0.3245 USDT (recent low and support)
0.3180 USDT (stronger support zone)
Resistance Levels:
0.3422 USDT (24h high and resistance zone)
0.3500 USDT (next resistance level)
Momentum Indicators:
RSI (Relative Strength Index): Currently around 58, indicating a moderately bullish momentum. If it crosses above 60, it could indicate further bullish strength.
MACD: The MACD is showing positive momentum, which could suggest an upward movement.
Moving Averages: The 50-period moving average is above the 200-period moving average, confirming the overall bullish trend for DOGE.
Trade Signal:
Buy Signal:
Entry Point: 0.3300-0.3320 USDT (watch for slight pullbacks)
Stop Loss: 0.3240 USDT (just below the recent low)
Target Levels šÆ:
1. First Target: 0.3420 USDT (Initial resistance, 24h high)
2. Second Target: 0.3500 USDT (Next resistance level)
3. Third Target: 0.3600 USDT (Strong upward potential if momentum continues)
Trade Momentum:
Bullish Momentum: If DOGE/USDT stays above 0.3240 and breaks through the 0.3422 resistance, the price may continue upwards towards the next targets at 0.3500 and 0.3600.
Bearish Momentum: If the price falls below 0.3240, it could signal a bearish reversal, with a potential target near 0.3180 support.
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