DOGE Evening Trend

Short-term Technical Analysis

1. Key Support and Resistance

- Support Level: The current price of 0.22892 is above the key support area of $0.22. If it breaks below, it may test $0.214 or $0.18.

- Resistance Level: Short-term resistance is at 0.23029 (the daily high). If it breaks above, it may test $0.24 or $0.2495.

Trend Prediction

Scenario 1: Breakout Upward

Conditions: Price stabilizes at $0.23 with increased trading volume.

Target: Test $0.24; if it breaks, look towards $0.2495, or even $0.275.

Scenario 2: Retracement Correction

Conditions: Price is hindered at $0.23, Bitcoin declines, or market sentiment cools.

Target: Test $0.22 support; if it fails, it may drop to $0.214 or $0.18.

Trading Suggestions

Long Position Strategy: If the price breaks above $0.23 and trading volume rises, consider a small long position with a stop loss set below $0.22, targeting $0.24 → $0.2495.

Short Position Strategy: If it breaks below $0.22565 (the daily low), consider a short position with a stop loss at $0.23, targeting $0.22 → $0.214.