💡 Quick technical analysis:
✅ Bounce after a sharp low! DOGE dropped sharply to 0.16987 and then bounced back to settle at 0.17576 – a movement reflecting the entry of new buyers at the lows.
✅ RSI is in attraction zones! The Relative Strength Index is at 34.76, close to the oversold area, indicating a likely imminent bullish reversal.
✅ MACD is approaching a positive crossover! Although the current value is still negative (-0.00048), the gap between DIF and DEA has started to narrow – a potential upward crossover that may ignite the awaited green candle!
✅ A wound is moving quietly towards positivity! The Stochastic K indicator is at 46.55 and J at 52.08, showing a gradual shift towards buying strength.
✅ Successful test of support! The price did not break the previous low and seems to be building a new launch pad above the 5-day average.
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📊 Expected scenario:
If DOGE successfully breaks through the nearby resistance at 0.1804, we may see acceleration towards 0.1923 and then 0.2067, especially with the upcoming meme coin ETF news.
In case of a pullback, 0.1698 forms a strong support area that is hard to break without new negative momentum.
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🔥 Is DOGE ready for the next jump?! The market is watching, and smart investors are moving before the explosion – indicators are starting to reverse, and the price is in a very enticing area! Will you ride the wave or miss the trip? 🚀🐶
📢 Share your opinion! Do you see $DOGE returning above 0.20 soon?👇