$DOGE $USDC
๐ DOGE/USDT Technical Update
๐๏ธ Timeframe: 1H | ๐Price: $0.20374 | ๐ 24h Change: +2.07%
After a prolonged downtrend, DOGE/USDT is showing signs of potential reversal. The price is attempting to reclaim the 50 EMA (green line), which has acted as resistance throughout the recent decline.
Key Indicators:
RSI is neutral around 50, indicating room for a move in either direction.
MACD is showing a bullish crossover with increasing histogram strength โ a potential early signal for momentum shift.
EMA Compression: The 9 EMA (orange) is tightening against the price, which may suggest a breakout setup.
๐ฏ Resistance to Watch:
$0.2085 (Minor Resistance)
$0.2389 (Major Resistance)
๐ก Support Levels:
$0.2011
$0.1956 (24h Low)
Whatโs Next?
If the price can hold above $0.203 and successfully break the $0.2085 resistance, we could see a short-term move toward the $0.22โ$0.24 zone. However, failure to hold above $0.2011 may lead to a retest of the $0.1950 level.
๐ Strategy Tip: Wait for confirmation with volume on breakout or breakdown. Scalpers may look for quick 2โ4% moves, while swing traders can monitor EMA and MACD momentum on 4H for confirmation.
๐ Keep your eyes on DOGE โ the next move could be fast!