DOGE/USDT is in a correction trend after a strong increase. Market history always shows that deep declines create opportunities for investors to accumulate at low price levels. Coins that maintain a steady price increase over the long term are very rare, and buying at strong support areas when the market is red is a reasonable strategy. Especially when the RSI is in the oversold region, a recovery may occur, but it is important to avoid FOMO during price increases.
The current price of DOGE/USDT is 0.30857, down 2.35% in the last 24 hours. The highest price of the day reached 0.32326, while the lowest price touched 0.30666. Important resistance levels are at 0.31818 (MA5) and 0.33252, with strong support at 0.30740 (Bollinger Band lower). If this support level is broken, the price may return to the area of 0.26216. The current RSI is 27.23, in the oversold region, signaling a potential slight upward adjustment. The MACD is still negative, not yet clearly indicating a recovery trend.
The preferred trading strategy is to buy in portions at price levels below 0.30740 to minimize risk. The profit-taking target is at the levels of 0.31818 or 0.33252 if the price recovers, while setting a stop-loss below the support area of 0.30600 to protect capital.
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