#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $DOGE /USDT

1. Price and Trend: The current price is 0.19817 USDT with an increase of +3.25%. The chart shows a recent increase after a local low near 0.1843, indicating a possible recovery after a correction.

2. Moving Averages (MA):

• MA(5): 0.226604 (short-term trend).

• MA(10): 0.229453 (medium-term trend). The price is below both MAs, which may indicate a weakness in the bullish trend, but approaching the MA may serve as support.

3. Bollinger Bands (20, 2):

• Upper Band (UP): 0.20156.

• Middle (MB): 0.19543.

• Lower (DN): 0.18930. The price is approaching the upper band, which may signal overbought conditions and a possible correction.

4. MACD:

• DIF: 0.000076.

• DEA: 0.000027.

• MACD: 0.000049. A positive MACD value indicates bullish momentum, but a weak signal due to the small difference.

5. Stochastic RSI:

• STOCHRSI: 73.88060 (fits the overbought zone >80).

• MASTOCHRSI: 75.04185. High values indicate a possible momentum, but also a risk of a reversal.

6. Volume: 123,851,154 units, with a noticeable increase in recent candles, supporting the bullish momentum.

⚠️Conclusion: The current trend looks bullish with signs of a possible slowdown due to the approach to the upper Bollinger Bands and the high Stochastic RSI. It is recommended to watch the level of 0.20156 (upper band) as resistance and 0.18930 (lower band) as support.