๐๐ DOGE Update: Last Target Smashed! Whatโs Next? ๐๐
Hey Guys! Weโve hit another milestone! ๐ฏ $DOGE reached $0.1470, smashing through previous targets! But as we dip back slightly to $0.1399, whatโs next for the loyal holders and traders? Letโs break down the 1-hour chart for some fresh opportunities! ๐
๐ Technical Overview
Moving Averages:
50 EMA: Sitting at $0.1377, providing solid support. The uptrend remains intact as long as DOGE holds above this level.
200 EMA: Trending around $0.1246, reinforcing a bullish sentiment in the bigger picture! ๐ฅ
MACD:
Showing signs of a bearish crossover as the MACD line dips below the signal line, with red histogram bars forming. This suggests we may see a short-term pullback or consolidation before the next leg up. ๐
RSI:
Currently at 52.8, the RSI has cooled off from overbought territory, giving DOGE room to gather momentum again. It's a healthy reset after the recent surge! ๐
๐ฅ Key Levels to Watch:
Immediate Support: $0.1370 - If DOGE holds this level, it could signal the next move higher.
Resistance Zone: $0.1450 - $0.1470 - DOGE hit a recent high here. A break above this level could reignite bullish momentum toward $0.15+!
๐ Recommended Strategy:
Entry Point: Look for entries around $0.1370 - $0.1400 if DOGE stabilizes after the recent pullback. This could be a great re-entry point for those looking to ride the next wave.
Target Exit 1: $0.1450 - A strong take-profit zone for short-term traders.
Target Exit 2: $0.1500 - If DOGE breaks the $0.1470 resistance, we could see it push towards this psychological level! ๐
Stop-Loss: Consider a stop-loss around $0.1350 to protect your position from any potential downside.
โ ๏ธ Watch Out!
With the MACD turning slightly bearish and the RSI resetting, keep an eye on volume. A spike in buying could lead to a quick bounce back to $0.1450, but without volume support, we may see more consolidation first.
