💡 Quick technical analysis:
✅ Notable rebound! After dropping to 0.21736, DOGE saw a good rebound to reach around 0.22598 again, indicating buying interest at this support.
✅ RSI in the neutral zone! The Relative Strength Index (RSI) is at 47.36, which means the currency is not in a state of overbought or oversold – and there is plenty of room to move in either direction.
✅ MACD signals are cautiously positive! The DIF and DEA lines are very close to a positive crossover, with green momentum starting to appear on the candles, which could be a sign of a gradual reversal beginning.
✅ Balanced trading volumes! With a daily trading volume exceeding 2.2 billion DOGE, the market remains active and reflects ongoing interest, especially after the price correction.
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🚀 Expected scenario:
If DOGE successfully surpasses the resistance area at 0.23387, we may witness an upward movement towards 0.24319 and possibly test the previous peak at 0.25970.
If the breakout fails, strong support remains at 0.21736, and breaking it could push the price towards 0.21524 as a potential subsequent support area.
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🔥 Is DOGE on the brink of a bullish wave?!
With the increasing talk about DOGE and the interest of institutions in incorporating it into payment methods, along with the ongoing discussions on social media, we may witness a new explosion if strong catalysts emerge! However, caution is necessary due to sharp volatility.
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Tips for investors:
1. Set the stop-loss below 0.217 to protect capital. If you want
2. Keep some liquidity in case of rapid fluctuations.
3. Keep up with news related to DOGE and Elon Musk – it could change the equation in moments.
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📢 Share your opinion! Do you expect DOGE to rebound towards 0.26 soon? 🚀👇