šØ $DOGE /USDT Under Pressure ā Key Levels to Watch for Potential Reversal! š
$DOGE is experiencing a downward trend, currently trading at $0.3642, down by 8.00% in the last 24 hours. Traders are eyeing some crucial levels as it moves through this correction phase. Will $DOGE find support, or is more downside ahead?
šÆ Key Targets for DOGE/USDT:
1. Immediate Resistance ā $0.3667: This level is the first line of defense against further declines. A breakout above could signal the start of recovery and may attract buyers looking for an entry point.
2. Higher Resistance ā $0.3933: If DOGE manages to break above the initial resistance, this is the next crucial level. Breaking past $0.3933 could indicate renewed bullish momentum, potentially pushing DOGE higher.
3. Critical Support ā $0.3522: On the downside, $0.3522 serves as a solid support level. A fall below this level may lead to increased selling pressure, bringing DOGE to retest lower supports.
š Moving Averages Insight:
MA(7): $0.3619 ā Showing slight bearish movement, but a reversal at this level could boost short-term momentum.
MA(25): $0.3694 ā Aligns near the initial resistance, suggesting a challenging zone for DOGE.
MA(99): $0.3793 ā Long-term resistance, crucial for confirming any sustained bullish trend.
Watch these levels closely, as they could determine DOGEās direction in the coming sessions. Volatility may increase around these points, so traders should stay alert!