Here’s a short technical analysis for $Dogecoin (DOGE) based on the data provided:
Technical Analysis
Current Price: $0.33144 (+5.55% in 24h)
Trend: Bullish (Price up by 5.55% in the last 24 hours)
Support Level: $0.30357 (24h Low)
Resistance Level: $0.33517 (24h High)
Moving Averages:
MA (5): 38.91 million DOGE (indicating short-term positive momentum)
MA (10): 22.77 million DOGE (slightly lower, suggesting moderate trend strength)
Volume: 1.67 billion $DOGE
traded in the last 24 hours, suggesting strong trading activity.
Depth: The order book shows varying buy and sell prices, with key levels around $0.33605 and $0.32962.
Trade Signals
Bullish Momentum: Given the price increase and high trading volume, the short-term momentum is bullish.
Key Resistance: If DOGE breaks above $0.33517, it could test higher levels.
Key Support: If the price drops below $0.30357, a potential downtrend may follow.
Target Levels (🎯):
1. Target 1: $0.33517 (Breaking resistance and testing the recent high)
2. Target 2: $0.34000 (Next possible resistance level)
3. Target 3: $0.35000 (Further upside if momentum continues)
Trade Momentum: Bullish, with a strong potential for upward movement if the price holds above the support level and breaks through resistance.
Make sure to monitor the market closely for any changes in volume or price action that may indicate a shift in momentum.