$DOGE โ ๏ธ UPDATE FOR THE NEXT 24 HOURS
$DOGE Here is the technical analysis based on the DOGE/USDT chart :
DOGE/USDT Chart Analysis (4 Hours)
1. Current Price: 0.37195 USDT, up 1.33% in the last 24 hours.
2. EMA (Exponential Moving Averages):
EMA(7): 0.37010
EMA(25): 0.36627
EMA(99): 0.29572
The price is above EMA(7) and EMA(25), indicating a potential short-term bullish trend.
3. RSI (Relative Strength Index):
RSI(6): 53.50, showing neutral momentum with a bullish tendency. Itโs still far from the overbought level (70).
4. MACD:
The MACD histogram is approaching the zero line, signaling potential momentum shifts.
5. Volume:
Trading volume is decreasing, suggesting the market is seeking clearer direction.
24-Hour Movement Prediction
1. Bullish Scenario:
If the price remains above EMA(7) and EMA(25), it has the potential to rise toward the next resistance at 0.3800 - 0.3900 USDT.
2. Bearish Scenario:
If the price falls below EMA(25), it may correct downward to the support area at 0.3600 - 0.35180 USDT.
Entry and Stop Loss Recommendations
Buy Entry:
Entry level: 0.3720 - 0.3740 USDT (after confirming a bullish candle above EMA(7)).
Target profit: 0.3800 - 0.3900 USDT.
Stop loss: 0.3650 USDT.
Sell Entry:
Entry level: 0.3690 - 0.3700 USDT (if the price fails to stay above EMA(7)).
Target profit: 0.3600 - 0.35180 USDT.
Stop loss: 0.3750 USDT.
Important Notes
The market is currently consolidating in a narrow range. Wait for a clear breakout or breakdown before entering a position.
Ensure strict risk management, and donโt risk more than 1-2% of your capital per trade.
External factors such as news or market sentiment could significantly affect the price. Keep monitoring the market closely.
