$DOGE Will hitt 0.40$ tonight:
Based on the current chart and indicators, a move to $0.40 tonight seems unlikely but not impossible, as it depends on market momentum and trading volume. Here’s why:
Bullish Arguments for $0.40:
1. Oversold Conditions:
The RSI and Stochastic RSI are in oversold territory, suggesting a potential reversal or bounce.
2. Resistance Levels:
If DOGE breaks above $0.365 (EMA levels) with strong buying pressure, it could target $0.39–$0.40, which aligns with the 24-hour high.
3. Volume Spike:
If trading volume significantly increases, especially from whales or retail FOMO, DOGE might rally toward $0.40.
Challenges to Hitting $0.40:
1. Resistance at $0.365–$0.39:
DOGE would need to break multiple resistance levels before reaching $0.40.
2. Recent Downtrend:
The price is in a corrective phase, and bearish momentum could prevent a sharp recovery.
3. Market Conditions:
Broader market sentiment (BTC/ETH performance) will influence DOGE’s movement.
Likelihood:
For DOGE to hit $0.40 tonight:
It would need a 9-10% upward move, which is possible during volatile conditions but requires strong bullish momentum.
If DOGE struggles to break above $0.365–$0.38, $0.40 may remain out of reach.
Recommendation: Monitor the $0.365 resistance. If it breaks with volume, $0.40 becomes more realistic. Without that breakout, the price is more likely to consolidate or stay below $0.39.
