$DOGE DOGE/USDT Daily Analysis

Key Metrics:

• Price: $0.40846 (-5.12%).

• 24H High/Low: $0.43770 / $0.39602.

• Moving Averages (MA):

• MA(5): $0.41365.

• MA(10): $0.39391.

• MA(50): $0.22044.

Technical Indicators:

1. Price Action:

• DOGE shows a pullback after a strong bullish rally, currently below MA(5) but above MA(10), indicating short-term correction within an overall uptrend.

2. Volume Analysis:

• Declining volume on the pullback suggests reduced selling pressure, a potential signal of consolidation.

3. MACD:

• Bearish divergence, with MACD below the signal line, indicating a slowdown in bullish momentum.

4. RSI:

• RSI(6): 62.77, RSI(24): 73.26.

• Both are in bullish territory but nearing overbought levels, cautioning against aggressive buying.

5. OBV:

• Consistent with strong upward momentum, signaling continued interest in DOGE.

Trading Strategy:

Bullish Scenario:

• Entry Point: If price breaks back above $0.415.

• Targets: $0.430 → $0.450.

• Stop Loss: $0.395.

Bearish Scenario:

• Support Levels: $0.395 → $0.380.

• A break below these levels may signal deeper correction.

Market Sentiment:

DOGE remains bullish overall, but current price action suggests a short-term consolidation or retracement. Watch for a breakout above $0.415 or a retest of support levels for potential trade opportunities.