Currently, the upper pressure level of $DOGE is at $0.12990, and the lower support level is at $0.11399. Yesterday, the price of DOGE fell all the way below $0.13101, reaching a low of around $0.1133. Today, DOGE began to rebound after standing above $0.12164.
From a technical point of view, DOGE rebounded after touching around $0.1133 yesterday, which is close to the current support level of $0.11399, indicating that there is strong support at this position. After today's rebound, we first need to pay attention to the pressure level near $0.12990, which is a key area for long and short positions in the near future.
In terms of trend, DOGE's relative strength index (RSI) shows that it has entered the rebound range, and the RSI indicator has rebounded from the oversold range, indicating that market sentiment has recovered. At the same time, the MACD indicator also shows that the short-selling momentum is gradually weakening, and there are signs of forming a golden cross, further supporting the possibility of a price rebound.
If DOGE can effectively break through the pressure level of $0.12990, the price is expected to rise further, with the target of $0.13500, which will be the next key resistance area. On the contrary, if the price fails to break through and falls back, it is necessary to pay attention to the short-term support of $0.12164. If it loses this position, it may test the support of $0.11399 again.
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