Analysis of DOGE/USDT — Strong Rise and Renewed Momentum
Dogecoin is currently trading at 0.24587 USDT, achieving a strong increase of +8.31% in the last 24 hours, after a rebound from the daily low of 0.22631 USDT. It reached a daily high of 0.24676 USDT amid large trading volumes of 1.44 billion DOGE, reflecting strong buying liquidity.
📊 Technical Indicators:
MA 7: 0.21611 — the price is clearly above it, indicating the continuation of the upward momentum.
MA 25: 0.22779 — it has been broken upward, reinforcing the positive outlook.
MA 99: 0.20076 — far below the price, indicating that the overall trend remains bullish in the medium term.
🎯 Entry and Exit Strategies:
First Buying Area: between 0.236 – 0.239 USDT if a slight correction occurs.
Reinforcement Buying Area: near 0.228 USDT (MA 25) if the price drops.
First Profit-Taking Target: 0.265 – 0.266 USDT.
Second Profit-Taking Target: 0.285 – 0.287 USDT (the previous peak).
Stop Loss: below 0.227 USDT to reduce risk.
⚠️ Notes:
Continuing to close above 0.246 USDT in the coming hours may push the price quickly towards 0.265 USDT.
If the 0.287 USDT level is broken with a strong close, we may witness a larger upward wave.
📌 Summary:
The buying momentum in DOGE is currently strong, and the rebound from the 0.226 USDT area with the breaking of moving averages gives an opportunity to achieve higher targets in the near term.