The DOGE currency is currently experiencing a decline of -4.51%, recording a price of $0.21764, approaching its daily low of $0.21678, which may indicate a potential support area.
---
🔍 Technical indicators:
🔹 RSI = 29.4 → in the oversold area, indicating a potential near-term bullish reversal.
🔹 MACD = -0.00042 (slight negative crossover), but the gap between DIF and DEA is very small, indicating a potential positive crossover soon.
🔹 Trading volume is relatively low compared to previous values, indicating a temporary calm in the market before a strong upcoming movement.
🔹 Stochastic K = 14.0 → in oversold areas as well, providing additional support for the possibility of an upward movement.
✅ Buy the currency faster by clicking on the currency name $DOGE
---
📈 Recommendation:
🔹 Potential buying area: between 0.2150 – 0.2180
🔹 First target (TP1): 0.230
🔹 Second target (TP2): 0.245
🔹 Stop loss (SL): 0.210
✅ Buy the currency faster by clicking on the currency name $DOGE
---
🔔 Note:
The currency appears to be at the end of a downward wave on the hourly frame, and with clear oversold conditions on RSI and Stochastic, the technical upward potential is very likely in the coming hours, especially with the price stabilizing near a clear support level.
---
💬 Summary:
DOGE is in a strong technical support area with indicators suggesting the end of the correction. It can be considered a good short-term buying opportunity with clear targets and a nearby stop loss.
