Here's a technical analysis of DOGE/USDT based on Binance (4H timeframe):
🔍 Key Data
Current Price: $0.19819
24h High / Low: $0.20000 / $0.18851
RSI (6): 47.41
Recent Low: $0.18851
Short-term trend: Slight recovery from a recent bottom
Volume (24h): DOGE – 8.14B, USDT – 1.58B
🕯️ Candlestick Pattern Analysis
The recent candles are green, indicating buying pressure after hitting a support at $0.18851.
The market seems to be forming a short-term bullish reversal, but there's resistance near $0.20000.
📈 RSI (Relative Strength Index)
RSI(6) = 47.41 — This is a neutral zone, indicating neither overbought nor oversold conditions.
The RSI is rising, which is a bullish sign, but not strong enough yet for a confident long entry.
📊 Trend & Momentum
Recent downtrend from around $0.23379 to $0.18851.
Now testing a minor recovery; might face resistance around $0.200 – $0.206 zone.
The chart shows a potential lower-high formation; uptrend not confirmed yet.
📉 Support & Resistance Levels
Immediate Support: $0.1885
Immediate Resistance: $0.2000
Next Resistance Zone: $0.2061 – $0.2160
Major Resistance: $0.2337
If price breaks below $0.1885, next strong support is around $0.1862
