$DOGE Market Briefing
Trend: After peaking at 0.255 in early August, it encountered resistance and fell back, rebounding after hitting a low of 0.21730, currently reported at 0.227.
⚡ Short-term: MA7/EMA7 has turned upwards, approaching convergence with MA30, indicating a recovery in short-term bullish momentum.
Key Support Level: 0.217. Resistance: 0.230, 0.240
Signal: Still below the mid-term moving averages, the rebound is a technical correction, and a volume breakout above 0.230 is needed for a chance to surge.
Operational Suggestions:
Long Position: Maintain above 0.224 for light participation, target 0.230–0.238.
Short Position: If volume does not break near 0.238, consider a short.
Mid-term: A breakout above 0.24 and stabilization is required for trend recovery.
