$DOGE current setup reflects a bearish sentiment as the price has declined and is trading below key moving averages. The selling pressure appears to be weakening slightly, as indicated by the higher percentage of buy orders. However, until there is a break above the 0.41672 resistance, the downtrend remains intact.
Bullish Scenario: If the price can break above the resistance at 0.41672, this could be a sign of reversal, with potential for a move toward the next resistance around 0.43.
Bearish Scenario: A drop below the 0.35229 support could result in further declines, possibly down to the 0.34 level.
Recommendation: Traders should watch for a breakout above resistance or a breakdown below support for clearer signals of the next trend direction.
Support and Resistance Levels:
Support: The recent low at 0.35229 USDT acts as a key support level. If the price holds above this level, it may signal potential stabilization or a minor rebound.
Resistance: The recent high at 0.41672 USDT serves as a resistance. A break above this level would suggest a reversal to an uptrend.
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