$DOGE /USDT Analysis Report
1. The chart shows DOGE trending upward within a parallel channel, reflecting a bullish short-term trend.
2. A recent pullback occurred after the price peaked around 0.1175, currently settling at 0.1146 (-0.75%).
3. The price has tested the lower boundary of the channel, indicating potential support around this area.
4. If the price rebounds from the channelâs support, DOGE could aim to retest the upper limit near 0.1180.
5. Order book data suggests bullish sentiment with 66% buy pressure, possibly hinting at a continued upward trajectory.
This analysis indicates a favorable short-term outlook, though close monitoring of the channel boundaries is essential for trade precision.
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