📉 DOGE/USDT Market Analysis | Is a Rebound Coming Soon?
🚀 Dogecoin is back in the spotlight! After several consecutive red days, the price is now sitting near a key support zone. This might be a critical moment for both traders and long-term holders to keep an eye on.
🔍 Market Snapshot:
🔸 Current Price: $0.195x
🔼 Daily High: $0.203x
🔽 Daily Low: $0.188x
💰 Market Cap: $29.46B
🌐 Market Dominance: 0.79%
🔄 Volume (24h): $2.31B
💡 Rank: #9 (According to CMC)
🧾 Circulating Supply: 150.36B DOGE (∞ Max Supply)
📊 Technical Overview:
Price is currently testing the MA(99) level, a mid-term support zone.
It is trading below the MA(7) and MA(25), suggesting short-term bearish momentum.
However, RSI and MACD indicators show possible bullish divergence—hinting at a potential reversal.
📈 Key Levels to Watch:
1. Support: $0.188
2. Resistance: $0.207 → $0.236
3. Breakout Zone: A close above $0.236 could signal a mid-term bullish trend.
💬 Analyst’s View:
DOGE is now in a range that could present an accumulation opportunity for long-term HODLers. For short-term traders, caution is advised if the price breaks below $0.188.
📢 What’s Your Strategy?
👇 Let us know in the comments:
🔹 Are you buying DOGE at this level?
🔹 Or are you waiting for a deeper dip?
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