🚨$DOGE /USDT Technical Analysis🚨

📊The current price of DOGE is $0.36127, showing a 2% decline over the past 24 hours. The 24-hour trading volume is $3.67B for DOGE and $1.32B for USDT.

💹Technical Analysis

* Short-Term (5m): 📈The 5-minute chart shows a bearish trend with the price currently below the 100-period moving average. A break below the recent low of $0.34000 could confirm further downside.

* Long-Term (1D):📉 The 1-day chart shows a bullish trend with the price above the 200-period moving average. However, the recent price decline and the formation of a bearish engulfing candle suggest potential short-term weakness.

📝Trade Ideas

* Short Entry: Consider a short position at the current price with a stop-loss above the recent high of $0.37580.

* Long Entry: Wait for a break above the recent high or a bullish reversal pattern on the 1-day chart before considering a long position.

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