$DOGE Potential Upside or Consolidation?

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The RSI value is at 48.45, which is close to the neutral zone.

If it rises above 50, the bullish momentum may strengthen.

The MACD is about to merge with the signal line, which can be considered a potential bullish signal.

However, no significant increase in volume is observed.

The transaction volume follows a stable course after the decrease. An increase in volume could support price movements.

Stochastic RSI: At 100, it is in the overbought zone. There is a possibility of a short-term correction.

In case of an uptrend: If the price breaks the 0.36 resistance, the first target could be 0.395. Then the 0.48434 level can be tested.

Bearish case: If the price falls below the 0.33 support level, a pullback to the 0.27656 lower band could be seen.

If you consider the current situation as consolidation, it may be useful to follow the breakout direction.NOT INVESTMENT ADVICE

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