$DOGE KING of MEME COIN! 🐕 👑

$DOGE Here is the technical analysis based on the DOGE/USDT chart :

DOGE/USDT Chart Analysis (4 Hours)

1. Current Price: 0.37195 USDT, up 1.33% in the last 24 hours.

2. EMA (Exponential Moving Averages):

EMA(7): 0.37010

EMA(25): 0.36627

EMA(99): 0.29572
The price is above EMA(7) and EMA(25), indicating a potential short-term bullish trend.

3. RSI (Relative Strength Index):

RSI(6): 53.50, showing neutral momentum with a bullish tendency. It’s still far from the overbought level (70).

4. MACD:

The MACD histogram is approaching the zero line, signaling potential momentum shifts.

5. Volume:

Trading volume is decreasing, suggesting the market is seeking clearer direction.

24-Hour Movement Prediction

1. Bullish Scenario:

If the price remains above EMA(7) and EMA(25), it has the potential to rise toward the next resistance at 0.3800 - 0.3900 USDT.

2. Bearish Scenario:

If the price falls below EMA(25), it may correct downward to the support area at 0.3600 - 0.35180 USDT.

Entry and Stop Loss Recommendations

Buy Entry:

Entry level: 0.3720 - 0.3740 USDT (after confirming a bullish candle above EMA(7)).

Target profit: 0.3800 - 0.3900 USDT.

Stop loss: 0.3650 USDT.

Sell Entry:

Entry level: 0.3690 - 0.3700 USDT (if the price fails to stay above EMA(7)).

Target profit: 0.3600 - 0.35180 USDT.

Stop loss: 0.3750 USDT.

Important Notes

The market is currently consolidating in a narrow range. Wait for a clear breakout or breakdown before entering a position.

Ensure strict risk management, and don’t risk more than 1-2% of your capital per trade.

External factors such as news or market sentiment could significantly affect the price. Keep monitoring the market closely.