Technical Analysis: $DOGE /USDT
Current Price: $0.31573 (+2.75%)
Timeframe: 30m Chart (Binance)
Key Technical Levels
1. Target Achieved: $0.3100 (Support Level)
DOGE has successfully rebounded from the $0.3100 zone, showing signs of recovery.
2. Next Target (Upside): $0.3300
A push above $0.3200 could pave the way to the next resistance at $0.3300, signaling bullish momentum.
3. Next Target (Downside): $0.3000
If rejected at the current levels, the next strong support lies at $0.3000, offering a good accumulation zone.
Trading Strategy
Short-Term Traders:
Book partial profits near $0.3200 and monitor volume for a potential breakout above $0.3300. Use stop-losses below $0.3100 to protect against downside risk.
Long-Term Investors:
Consider accumulating around $0.3000 for a potential upside to $0.3500 and beyond, aligning with DOGE鈥檚 long-term recovery trend.
Indicators to Monitor:
Volume Surges at breakout zones.
RSI levels near $0.3300 to avoid overbought signals.