$DOGE /USDT - Technical Analysis
Current Price: $0.33169 (+5.80%)
24H High: $0.33517
24H Low: $0.30357
Target Levels:
1. Target 1: $0.3500
Resistance Zone: A key psychological level. Breaking above $0.3500 could spark further bullish momentum.
2. Target 2: $0.3750
Mid-Term Target: Sustaining above $0.3500 with strong volume could push prices to this resistance level.
3. Target 3: $0.4000
Major Bullish Target: A long-term bullish target, achievable with continued buying pressure and broader market support.
Action Plan:
For Traders:
Secure Partial Profits: Near $0.3500 to lock in gains.
Stop-Loss: Move stop-loss to $0.3200 once the first target is reached.
Monitor breakout confirmation above $0.3500 for the next leg up.
For Investors:
Consider accumulation on dips if the price consolidates above $0.3200.
Maintain a long-term perspective toward $0.4000, provided the bullish trend sustains.
Technical Indicators:
Momentum: Price shows strong bullish breakout near $0.3300 with increasing volume.
Support Levels: Immediate support at $0.3200 and stronger support at $0.3100.
RSI: Monitor for overbought levels near $0.3500, as slight corrections might occur.