$DOGE 1 week $DOGE Analyse Analysis:

• Current Trend: The current trend is bearish, with the price below major moving averages.

• Possible Scenarios:

• Bullish Reversal: If the price hits the support at the green moving average (around 0.1179 USDT) and shows bullish reversal patterns along with increased volume, it might bounce back.

• Bearish Continuation: If the support does not hold, the next significant support is around 0.1058 USDT.

Suggested Actions:

• For Long Positions:

• Wait for Confirmation: Wait for the price to hit and hold above the 0.1179 USDT support with bullish confirmation (e.g., hammer candlestick, bullish engulfing pattern).

• Monitor Volume: Increased buying volume at support levels is a positive sign.

• Set Stop-Loss: If entering a position, set a stop-loss below the support level (e.g., 0.115 USDT) to manage risk.

Conclusion:

The DOGE/USDT weekly chart shows a bearish trend with potential support at the green moving average (~0.1179 USDT). Monitoring for a bullish reversal at this level with confirmation from volume and candlestick patterns is advisable before entering a long position. If the support does not hold, the next significant support is around 0.1058 USDT.#doge⚡ $DOGE Please like and share this analysis if you found it helpful!