Here we go #doge⚡ | ultron212 a Binance Square-en

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Here we go #doge⚡  

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#DOGE START BUYING SHORT TERM

• Higher Probability: A slight upward move seems more likely in the short term, as the strong support at 0.37 USD may cause a rebound. If it breaches this level, however, the price could quickly fall to 0.36 USD.

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#DOGE START BUYING SHORT TERM • Higher Probability: A slight upward move seems more likely in the short term, as the strong support at 0.37 USD may cause a rebound. If it breaches this level, however, the price could quickly fall to 0.36 USD.

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#DOGE • The buy side (support) has more liquidity (~27.86M DOGE) compared to the sell side (~19.27M DOGE). • If the price moves upward, it is more likely to liquidate short positions due to thinner sell resistance beyond 0.40 USD. • If the price moves downward, it will take significant selling pressure to break through the strong support at 0.36 USD, making long liquidation less probable unless heavy selling occurs. #doge⚡ $DOGE $DOGE

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#doge⚡ #DOGE RSI: The RSI(6) is at 25.26, indicating the asset is approaching oversold conditions. RSI(12) and RSI(24) also suggest weakening momentum. 5. Stochastic Oscillator (K, D, J): All three values are very low, suggesting a highly oversold condition that might lead to a bounce in price. 6. Wm %R: The value is at -91.12, confirming the oversold nature of the market. Possible Scenarios: 1. Bullish Rebound (Short-term) • The oversold RSI, Wm %R, and Stochastic Oscillator suggest that the price might attempt a short-term rebound. • Resistance levels to watch for a reversal: • 0.38-0.39 (immediate short-term resistance) • 0.415-0.42 (medium-term resistance if momentum strengthens) 2. Continuation of Downtrend • If the selling pressure persists, the price could test lower support levels: • 0.36 (previous low and psychological level) • 0.35 (stronger support) 3. Consolidation • The market may stabilize around 0.36-0.38 as traders decide the next directional move. Look for reduced volatility and tighter price movement. #doge⚡ $DOGE

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Possible Scenarios for DOGE COIN 1. Bullish Scenario (Short-term Recovery) • If DOGE continues to hold above the support level near 0.38, it could move upward to test resistance at 0.40. • A breakout above 0.40 could push the price toward the next resistance level at 0.415 or even 0.43, depending on volume and market sentiment. 2. Bearish Scenario (Continuation of Downtrend) • If selling pressure increases and DOGE breaks below 0.38, the price could retest the support zone at 0.365. • A breakdown below 0.365 may lead to a further decline toward 0.35, where buyers might step in. 3. Sideways/Consolidation Scenario • DOGE could range between 0.38 and 0.40 in the short term as the market stabilizes after recent volatility. • Consolidation within this range might set the stage for a more significant move in either direction.#doge⚡ $DOGE

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Next Few Hours - Potential Scenarios for DOGE COIN 1. Bearish Case: • If selling pressure continues, Dogecoin could retest 0.35 (a support level based on previous consolidation). • A breakdown below 0.35 could lead to further declines toward 0.32, where buyers might step in. 2. Bullish Case: • If the price holds above the current level and buyers regain control, Dogecoin could retest the resistance at 0.42–0.45. • A breakout above 0.45 with strong volume could signal renewed bullish momentum. 3. Consolidation: • Dogecoin might enter a consolidation phase between 0.38 and 0.42 as the market absorbs recent volatility. Recommendation • Traders: • Wait for a clear signal, such as a breakout above 0.42 or a breakdown below 0.38, before making a move. • Monitor volume closely—rising volume on green candles could indicate renewed buying interest. • Short-Term Signals: • Buy Signal: If RSI rises above 50 and MACD crosses upward with positive histogram growth. • Sell Signal: If RSI drops below 50 and MACD shows sustained negative divergence. Let me know if you want a deeper breakdown or additional insights!#doge⚡ $DOGE #DOGE $

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