I hope your analysis is correct because Dogecoin has ruined my home with a huge loss, thank God. Please accept my regards.
LIVE
Yasmine Ayman
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The best currency to invest in now after the ominous federal decision
Following the rate cut announcement and anti-dovish stance by Federal Reserve Chairman Jerome Powell, Market sentiment has shifted. This has led to a massive sell-off in the crypto market.
Traders on Binance have long DOGE positions.
Dogecoin could rise by 25% to hit the next resistance level of $0.45 if it holds itself above the $0.345 mark.
Try to speak in a simple way so that beginners like you can understand you.
LIVE
Bassem Darwish
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Bullish
Here is a detailed technical analysis of **Dogecoin (DOGE)**:
### 1. **Current Price**: - **Dogecoin** price is currently around **0.41118 USDT**.
### 2. **General Trend**: - **Current Trend**: Dogecoin has seen a significant rise in recent days, but it is facing some resistance at **0.11546 USDT**.
### 3. **Technical Indicators**: - **Moving Averages**: - If the coin is trading above the 50-day moving average, it indicates an upward trend. - The 200-day moving average can be an indicator of the general trend. If the coin is above it, it reinforces the positive trend.
- **Relative Strength Index (RSI)**: - Currently, the RSI is at **71.57**, indicating that the coin may be in the overbought zone. This could mean that there is a possibility of a price correction soon.
### 4. **Support and Resistance Levels**: - **Support Level**: The support level around **0.40 USDT** should be monitored. If this level is broken, we may see further declines. - **Resistance Level**: The main resistance level is **0.11546 USDT**. If it is broken, we may see a strong upward movement.
### 5. **Trading Volume**: - **Trading Volume**: The trading volume over the past 24 hours is around **2.93B USDT**, indicating strong market activity.
### **Conclusion**: Dogecoin is showing positive signs, but with a high RSI reading, you should be wary of a potential correction.Make sure to follow the technical analysis regularly,
/ Showing explosive momentum – Opportunity for long-term gains!🔥💯 VANA/USDT has surged with exceptional gains, currently trading at $27.047 with a staggering +2,604% increase in 24 hours. Despite minor corrections, the overall momentum is strong, and price action suggests further upside potential. With a 24-hour high of $30.460, this could be just the beginning of a bigger rally.
Why you should buy and hold VANA: • Strong momentum: The sharp vertical surge indicates significant buying pressure and trader interest. • Increasing volume: With over 14.66 million VANA traded in 24 hours, liquidity is increasing, supporting further price action. • Long-term surge: There remains potential for higher highs as more investors recognize its strength. Now is the time to accumulate and hold for long-term profits. Manage your positions wisely and take advantage of any dips for strategic entry.