💡 Quick Technical Analysis:
✅ Strong rise! After dropping to $0.16589, DOGE surged in a sharp upward wave to reach $0.21366, indicating strong buying appetite from traders!
✅ Natural correction after a local peak. The price is currently at $0.19844, and it seems to be testing a previous support area after the upward wave.
✅ RSI at 31.81! Entering the oversold area, which means DOGE may be about to rebound again.
✅ The MACD indicator is crossing downwards but with weak strength, which may indicate the end of the correction wave and the near beginning of a new wave!
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🚀 Expected Scenario:
If DOGE maintains support at $0.1950 - $0.1980, we may see a quick rebound towards $0.2050, and if successfully breached, $0.2136 will be the next target!
However, if the support breaks, the area of $0.1840 - $0.1800 may provide a good foothold for short-term investors.
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🔥 My advice:
🔹 Always set a stop loss to protect your capital, especially during market volatility!
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📢 My personal opinion:
DOGE is still maintaining overall positive momentum, and the current correction is healthy for profit-taking. Continuing to trade above $0.1950 will keep hope for a new upward wave strong! Will you join the riders with the dogs? 🐶🚀
👇 Share your predictions! Do you see DOGE towards $0.22 soon? 💬👇
