The market is down again, preparing to take off again. This is a time to buy 🟢 ✅
💡 Quick technical analysis:
✅ Continuous decline, but starting to slow down! DOGE dropped to 0.16451 and began to stabilize around 0.16586, just at the daily average price (AVL: 0.16569), indicating a potential beginning of stabilization.
✅ RSI very low: 26.96
Entered a strong selling saturation zone, increasing the chances of an upward reversal soon.
✅ MACD negative but momentum is weak
The difference between the two lines (DIF and DEA) is very small, indicating the likelihood of a near reversal or the formation of a sideways wave before the rise.
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📊 Technical pattern analysis – Is it time to enter?
🔍 Possible double bottom at 0.1645?
If this level is not broken, DOGE may form a bullish double bottom, provided it rebounds above 0.1693.
🔍 First resistance level: 0.1693
Breaking it will lead to testing 0.1756, then 0.1818 as a second resistance.
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🚨 Technical indicators say: "Beware of the explosion"!
RSI below 30 → Classic opportunity for an upward reversal.
Stochastic K: 21.56 / D: 27.30 → Bullish crossover on the horizon.
MACD is about to cross positively → any slight price movement may drive buying momentum.
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🎯 Short-term expectations:
Staying above 0.1645 = a good opportunity to target 0.1693 initially.
Breaking 0.1645 = we may see a drop towards 0.1590, which is a strong subsequent support.
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💬 My personal opinion:
The current price represents an attractive opportunity to watch or enter cautiously, especially after reaching selling saturation zones. However, do not rush; wait for a breakout above 0.1693 or a strong reversal candle.
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✅ Final advice:
A stop loss below 0.1620 is necessary in case of purchase.
Watch for DOGE ETF news, as the impact will be very significant in case of approval or rejection.
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Do you think DOGE will bounce back soon towards 0.18? Or is the decline continuing? Share your opinion!