#Crypto2025Trends

Analysis of the short-term DOGE price prediction for LongShort members

Based on the 1-hour compressed chart of the DOGE/USDT pair at 11:36 on 28/12/24, here are some comments on the short-term price trend:

1. Current price trend:

• The price is fluctuating in a narrow accumulation zone around $0.314.

• The short-term EMA lines (EMA 7 and EMA 25) are quite close to each other and moving sideways, indicating a lack of clarity in the trend.

2. Resistance and support:

• The nearest resistance level is around $0.319 (near EMA 99).

• Important support is at $0.308, which is the lowest price in the last 24 hours.

3. RSI indicator:

• RSI(6) = 52.46: The value is in the neutral zone, not indicating overbought or oversold conditions.

• RSI(12) and RSI(24) are both lower than RSI(6), which may suggest slight downward pressure in the short term.

4. Trading volume:

• Trading volume is gradually decreasing, indicating hesitation from both buyers and sellers.

5. Short-term trend:

• If the price breaks above EMA 99 (~$0.320) with increased volume, the price is likely to bounce up to test higher resistance zones.

• If the price breaks below the support level of $0.308, the downtrend may continue.

Conclusion: In the short term, the price is in an accumulation state with an unclear trend. You should keep an eye on key resistance/support levels and trading volume to confirm the next direction.

$DOGE