#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 Year) $DOGE /USDT with

1. Price and Trend: The current price is around 0.17395 USDT, indicating an increase after a local low around 0.15645. The chart shows an uptrend supported by the price movement above the 5- and 10-MA, which is contributing to the positive momentum.

2. Bollinger Bands (BB): The price is approaching the upper limit of the Bollinger Bands (0.17613), which could signal overbought or a possible correction. The middle line (MB) at 0.17057 serves as support.

3. MACD: The MACD is showing a positive value (0.00021), with DIF (0.00272) above DEA (0.00250), confirming the upward momentum. However, the difference is small, which could indicate a weakening of the momentum.

4. RSI (STOCHRSI): Relative Strength Index at 84.9233, indicating an overbought zone. This could signal a significant reversal or correction in the near future.

5. Volume: Trading volumes (Vol: 23,539,048,000) are showing significant growth, supporting the current uptrend. Increasing volumes often confirm the strength of the trend.

⚠️Conclusion:

Currently, the DOGE/USDT pair is in an uptrend with signs of overbought (high RSI and approaching the upper Bollinger Bands). There is a possibility of a short-term correction if the volume starts to decline significantly. It is recommended to watch the support level around 0.17057 (average BB) and a possible reversal if the price fails to break the upper BB.