$DOGE /USDT Technical Analysis

Current Price: $0.33193 (+3.84%)

Timeframe: 30-minute chart (Binance)

Key Levels & Targets

1. Immediate Resistance:

Target 1: $0.3400

Price is attempting to break the resistance zone near $0.3400. A successful breakout could signal a short-term bullish trend.

2. Mid-Term Resistance:

Target 2: $0.3500

If momentum persists, the next major resistance level is at $0.3500, which aligns with prior highs. Monitor for volume confirmation.

3. Long-Term Resistance:

Target 3: $0.3600

A push toward $0.3600 signals significant bullish confidence, which could trigger further buying pressure.

Action Plan

Short-Term Traders: Consider taking partial profits at $0.3400 and $0.3500.

Swing Traders: Hold positions with a stop-loss below $0.3250 to target $0.3600.

Risk Management: Maintain tight stop-losses below the support zone at $0.3300.

Technical Indicators

Momentum: Positive, supported by increasing buying volume.

Trend: Consolidating near resistance with potential for breakout.

Support Levels: $0.3300, $0.3250.

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