$DOGE 🔥 BULISH 🔥

🔹 Short-Term Outlook (4-Hour Chart)

Bullish Breakout: DOGE has recently exited a descending channel, indicating potential for upward momentum.

Cup-with-Handle Pattern: Formation of this pattern suggests a bullish continuation, with a breakout above the handle confirming the trend.

Resistance Levels: Immediate resistance is at $0.175, followed by $0.185.

Support Levels: Key support is at $0.165, with secondary support around $0.160.

🔹 Mid-Term Outlook (Daily Chart)

RSI: The 14-day Relative Strength Index is at 52.88, indicating a neutral market condition.

Moving Averages: The 50-day Simple Moving Average is above the current price, suggesting potential resistance.

MACD: The Moving Average Convergence Divergence is neutral, with no clear bullish or bearish signal.

⚠️ Key Considerations

Market Sentiment: The broader cryptocurrency market sentiment is currently bearish, with many altcoins experiencing downward pressure.

Whale Activity: Recent large transactions involving DOGE could indicate accumulation or distribution phases, influencing price volatility.

$SOL ✅ Trading Signals

Buy Signal: Consider entering positions above $0.175, targeting $0.185.

Sell Signal: Monitor for a breakdown below $0.165; if confirmed, consider exiting positions.

Caution: Be aware of potential volatility due to broader market conditions and whale activities.