Buy $DOGE at this price now
The DOGE coin is experiencing a noticeable correction, having dropped by -8.62% in the last 24 hours, reaching a price of $0.20235 after touching a daily high of $0.22209 and a daily low of $0.20062.
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🔍 Technical indicators:
🔹 RSI = 15.87 → in a strong oversold area, indicating a very near potential rebound (Oversold Zone).
🔹 MACD = -0.00203 with a negative difference between DIF (-0.00535) and DEA (-0.00331) → indicates continued selling pressure, but currently, there is a weakness in negative momentum.
🔹 Stochastic K = 15.56 and D = 22.59 → also in a very clear oversold area, supporting the upcoming rebound scenario.
🔹 Averages MA5 = 250M and MA10 = 204M → short-term averages have started to decline, but the price is approaching support areas that may see a rebound.
📌 Click on the currency name $DOGE to buy directly
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📊 Price outlook:
The price previously rebounded from support levels close to 0.16426, which is the area the price may target again if the decline continues.
The current level of $0.20 is considered an important psychological support, and if the price holds above it, we may see a good rebound movement.
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📈 Recommendation:
🔹 Proposed entry area: 0.1980 – 0.2030 (with careful observation of price behavior at this level).
🔹 First target (TP1): 0.2250
🔹 Second target (TP2): 0.2400
🔹 Stop Loss (SL): 0.1940
📌 Click on the currency name $DOGE to buy directly
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🔔 Note: Despite the sharp decline, technical indicators, especially RSI and Stoch, indicate a potential rebound is near. Short-term traders can exploit this area to enter a smart speculative trade.
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💬 Summary: The DOGE coin is in a state of overselling, and a rebound opportunity is strongly anticipated. However, the current support area should be monitored closely to confirm the reversal. Price improvement is expected in the coming hours or days if the $0.20 area holds.
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