1 Hr Analysis $DOGE /USDT
Dogecoin is a crypto in the CRYPTO market.
The price is 0.223543 USD currently with a change of 0.01 USD (0.04%) from the previous close.
The intraday high is 0.236381 USD and the intraday low is 0.213074 USD.
🕒 1-Hour Technical Analysis: DOGE /USDT
Price Overview
Current Price: $0.2235
24h Range: $0.2131 – $0.2364
24h Change: +3.87%
Trend Summary
The 1-hour chart indicates a bearish trend, with 92.86% of moving average signals pointing downward.
Key Technical Indicators
Moving Averages: Short-term MAs are bearish, suggesting downward momentum.
Oscillators: Neutral, indicating a lack of strong momentum in either direction.
Support and Resistance Levels
Immediate Support: $0.2145 – $0.2135
Immediate Resistance: $0.222 – $0.2307
Chart Patterns and Market Sentiment
A potential inverse Head & Shoulders pattern is forming on the 1-hour timeframe, with a neckline around $0.2294. A breakout above this level could target $0.239 to $0.245.
Whale accumulation of 1 billion DOGE at the $0.212 level suggests strong support and potential for upward movement.
📈 Trading Outlook
Bullish Scenario: A breakout above $0.2294 could activate the inverse Head & Shoulders pattern, targeting $0.239 to $0.245.
Bearish Scenario: Failure to hold above $0.2145 may lead to a retest of lower support levels around $0.20.