Here is Technical analysis of $DOGE
📉 Overall Trend: Bearish to Short-Term Reversal**
Downtrend: Price recently dropped from a local high of 0.21250 to a low of 0.18845.
Current Price: 0.19581, showing a slight recovery from the recent low.
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🔍 Candlestick Analysis
1. Strong Red Candles dominated the last downtrend, confirming bearish pressure.
2. At 0.18845, a reversal wick (long tail) appeared—indicating buyer interest at that support level.
3. The last few green candles suggest short-term bullish momentum—a minor bounce from the recent low.
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📊 Volume Analysis
Volume spiked at the recent bottom, which could be accumulation or panic selling.
Increasing volume on green candles shows some buyer strength —but it's not yet a trend confirmation.
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🔄 Indicators
MA(5) and MA(10) are currently very close, showing short-term indecision.
If MA(5) crosses above MA(10), it could confirm a bullish crossover, indicating a short rally.
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📌 Key Levels to Watch
*Resistance:
Minor: 0.19783
Major: 0.20312 and 0.21250
Support:
* Immediate: **0.19254**
* Strong: **0.18845** (recent low)
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### 🧠 Conclusion
* **Short-Term View:** A **potential bounce** in play. If DOGE breaks above **0.19783**, the next target could be around **0.203–0.205**.
* **Bearish Risk:** If it fails to hold **0.19254**, we may revisit **0.18845** or even lower.
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### ✅ Recommendation
* **Wait for confirmation** of breakout above 0.19783 with volume.
* Avoid entering unless candles close **above resistance** with **volume support**.
* Ideal for **short scalping**, not for long-term holding unless macro sentiment improves.
