#Dogecoin #doge⚡ #doge⚡ #Doge🚀🚀🚀
This is the weekly chart of DOGE/USDT on Binance.
📈 Price overview
Current price: $0.23637
Weekly change: +9.77%
24-hour high/low: $0.23779 / $0.21074
🟡 EMA (Exponential Moving Average) Analysis
EMA(7) (yellow): $0.20093
EMA(25) (pearly): $0.21744
EMA(99) (purple): $0.17490
Observation:
The price is above all EMAs, which is a positive (bullish) signal.
The EMA(7) recently crossed the EMA(25) upwards — this is generally considered a bullish signal.
💹 Candlestick Trends
After a long downtrend, a clear breakout is now visible.
Buying pressure has increased in recent weeks, indicated by large green candles.
📊 RSI (Relative Strength Index)
RSI(6): 65.72
Explanation:
The RSI is currently in the overbought zone (below 70), which means the trend is strong but has not reached an overbought condition.
🕵️♂️ Volume and previous background
The volume has increased compared to previous weeks.
The previous high was $0.48434, the current price being $0.23637 means there is room to go further up.
✅ Summary
Trend: Bullish
Momentum: Strong
Resistance levels: $0.26, $0.31, then near $0.48
Support levels: $0.22 (EMA25), $0.20 (EMA7), $0.17 (EMA99)
📌 Forward strategy
If you are holding DOGE: It is best to hold for now, but keep an eye on the RSI.
If you are thinking of entering: A slight decline in price or consolidation near the EMA may be a good entry.
Place a stop loss at around $0.20 if the trend starts to reverse.
