Key indicators
- Current price: $0.20245 (+8.00% for the last period)
- Marking price: $0.20252 (minimum gap from the last price)
- Volatility for 24 hours: from $0.18714 (minimum) to $0.21450 (maximum)
1. Critical resistance level
The price is approaching the key level of $0.20718, which previously acted as support. Breaking this level could open the way to test $0.21450.
2. MACD divergence
Despite the price increase, the MACD shows a negative value (-0.00029), indicating a possible weakening of bullish momentum.
3. RSI overbought
RSI(6) at 45.08 has not yet reached the overbought zone, leaving room for further growth.
Recommendations
For buyers:
- Consider entry upon confirmation of breaking $0.20718
- Set a stop-loss below $0.19770 (nearest support)
For sellers:
- A counter-trend entry is possible when bouncing from $0.20718
- The target may be the level of $0.19770
Special factor
Trading volume over the last 24 hours was 10.49 billion DOGE (2.10 billion USDT) - increased activity may indicate the formation of a significant reversal.
Note: This analysis is for informational purposes only and is not an investment recommendation.