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Technical Analysis of $DOGE /USDT
Current Price: $0.11752 (+4.98%)
Overview:
Dogecoin (DOGE) is experiencing a notable price increase today, reinforcing its position as a popular POW (Proof of Work) cryptocurrency.
Trading Data:
- Moving Averages:
- MA(7): $0.11759
- MA(25): $0.11594
- MA(99): $0.11091
24-Hour Metrics:
- High: $0.11970
- Low: $0.11110
- Volume (DOGE): 804.70M
- Volume (USDT): 93.81M
Order Book Depth:
- Resistance:
- $0.11970
- $0.12013
- Support:
- $0.11752
- $0.11629
- $0.11244
- $0.11110
- $0.10860
Analysis:
DOGE/USDT is trading slightly above its short-term and long-term moving averages, signaling a bullish trend. The increase in price, accompanied by substantial trading volume, suggests sustained buying interest.
Prediction:
Given the current bullish momentum, DOGE/USDT might test the resistance level at $0.12013. Traders should watch for any signs of further upward movement or potential corrections.
Stay tuned for more updates and insights!
#DOGE #Cryptocurrency #TechnicalAnalysis #CryptoMarket #BinanceSquare