【D O G E Price Trend Analysis】Dogecoin daily chart shows that the recent price has quickly rebounded from the low of 0.16422 on July 6 to the current 0.1723, forming a clear upward trend.
- In the 4-hour period, the last two bullish candles have consecutively broken through the previous high, indicating a strong bullish pattern in the short term.
- MACD: In the 4-hour timeframe, both DIF and DEA are above the zero line, and the histogram has shifted from an expanding red to a contracting state, indicating a decrease in momentum, but overall it remains in the bullish zone.
- RSI: The current 14-period RSI value is 59.67, close to the overbought zone but not yet entering it, suggesting that there is still some upward space in the market.
- EMA: The price has stabilized above EMA7 (0.1707) and EMA30 (0.1686), with EMA7 crossing above EMA30, forming a golden cross, providing strong support; EMA120 (0.1685) is far from the current price, 【long-term trend is bullish】.
- In the 4-hour period, the trading volume at 12:00 was 83M, slightly rebounding compared to previous periods, indicating increased short-term capital activity.
【Buy and Sell Points】
- Buy Point One: 0.1700 USDT (Reason: Close to EMA7 support level, and it is a round number, providing strong support)
- Buy Point Two: 0.1685 USDT (Reason: Near EMA120 and previous swing low, combined with significant round number, stronger support)
- Long Stop Loss Point: 0.1670 USDT (Reason: About 1% below Buy Point Two, if this position is breached, it may weaken further)
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- Sell Point One: 0.1750 USDT (Reason: Close to recent high area, facing selling pressure, and it is a round number)
- Sell Point Two: 0.1770 USDT (Reason: After breaking the previous high, upward space opens up, marking the next target pressure range)
- Short Stop Loss Point: 0.1785 USDT (Reason: About 1% above Sell Point Two, if this position is breached, the trend will continue)$DOGE