💡 Quick technical analysis:
✅ Noticeable bullish rebound!
After touching the $0.16675 level over the past 24 hours, DOGE saw a clear rebound to reach $0.178, an increase of +4.81%, indicating active buying pressure.
✅ RSI at 59.98
Still under the overbought area (70), indicating there is good room for upward movement before entering the overbought regions!
✅ MACD in a neutral positive position!
Convergence between the MACD and Signal lines with a slight inclination towards positive momentum, and if a clear crossover occurs, we may see a strong bullish candle.
✅ The price is approaching the pivotal resistance at $0.18372
Breaking this area could open the door to revisit the previous high of $0.193!
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📊 Potential technical pattern?!
🔍 "Bullish Flag" formation?
After the sharp rise to $0.193, the price retraced sideways in an orderly manner, resembling a bullish flag formation – if DOGE breaks the horizontal resistance line, it may surge again strongly.
🔍 Clear support levels:
Strong support at $0.166
Average support at $0.159
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🚨 Supportive signals from indicators:
RSI in the positive zone → there is still plenty of room for upward movement before reaching saturation.
MACD is close to a positive crossover → an imminent bullish signal.
Good trading volumes → indicate market interest, and accumulation may be ongoing.
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🎯 Upcoming movement predictions:
If the price firmly breaches the $0.183 area, the next potential target will be $0.193 then $0.200.
In case of a pullback, support at $0.166 may provide a new bounce – a level to watch.
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💬 My personal opinion:
DOGE shows strong recovery signals technically, and bullish momentum is increasing. The indicators are still under control and have not entered saturation, supporting the likelihood of continued upward movement.
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✅ Final advice:
Do not invest all your capital at once – divide your trades.
Don’t forget to set a stop loss below $0.165 to protect against any sudden reversal.
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📢 Do you expect DOGE to explode towards $0.200? Or is the market deceiving us? Share your opinion!