The DOGE/USD exchange rate has dropped below $0.250, starting a new round of decline. DOGE is currently in a consolidation phase and may further drop below $0.2250.
DOGE's price has started to decline again, dropping below $0.2420.
The price is below the $0.2320 level and the 100-hour simple moving average.
On the hourly chart for DOGE/USD, it has broken below the key upward channel, with support at $0.2295 (data from Kraken).
If the price stays above the $0.2165 area, it could start a new round of increases.
🚀 DOGE is starting to move again!
Recently, DOGE's price has been a bit jumpy, first testing to rise above the resistance level of $0.240, even soaring above $0.2420 at one point 🔥, somewhat in sync with big brothers Bitcoin and Ethereum. Unfortunately, the good times didn't last long, as the bears weren't willing to back down, and the price quickly began to decline 📉.
DOGE has currently dropped below $0.240 and $0.2350, with the hourly chart showing it has even broken below the key upward channel, with support temporarily at around $0.2295. Even more dramatically, it is now below $0.2320 and the 100-hour simple moving average, meaning short-term bullish pressure is significant 😅.
But don't panic, the bulls are also not idle; they are guarding the 76.4% Fibonacci retracement level from the low point of $0.2163 to the high point of $0.2430 💪. If DOGE can rebound, the first small resistance is around $0.2295, and the real test for the bulls may be around $0.2320.
If it can break through the $0.2420 resistance level, there will be a chance to challenge $0.250, and even look higher, with the target possibly at $0.2650. Of course, friends looking to catch the rise should also pay attention to the risks; the potential stop loss level for bulls is around $0.2780 ⚠️.
To summarize: short-term fluctuations are quite intense 📊, DOGE friends can pay attention to the support and resistance levels in the range of 0.2295-0.2420. A breakthrough could lead to a surge 🚀, while instability could lead to a pullback 💦. In short, the market is a bit exciting; if you want to play, you should set stop losses well, as there are no permanent safe zones in the cryptocurrency world 😉.
📉 DOGE friends, pay attention!
Recently, DOGE's price has been a bit tense. If it cannot break through the $0.2320 level, the market may continue to decline 😬. In the short term, the initial support level is around $0.2220, with the main support around $0.2165 💦.
If it can't even hold $0.2150, then be careful; the price may further dip, potentially touching $0.2050 in the short term, and in extreme cases, it might fall to $0.2020 ⚠️.
In short, DOGE is currently hovering in the low range. Everyone should pay attention to the support levels, don't take too many risks in operations, and observe more than act, after all, the cryptocurrency market is highly volatile; being stable is the hard truth💪😉.
📌 Cryptocurrency friends, pay attention!
💹 Step 1: Market insights The market is ever-changing, and opportunities are fleeting! Pay attention to the latest dynamics and grasp the trends to secure profits.
💡 Step 2: In-depth analysis Want to know which coins are worth focusing on? Which market trend has the most potential? I will break down each market fluctuation for you, helping you avoid pitfalls.
🚀 Step 3: Interactive private chat If you want to get real-time strategies, hot coin interpretations, technical analysis insights... come add me for a private chat.
✨ Action reminder Don't wait any longer! Opportunities are fleeting, add me to catch every market rise and fall, making your investment more secure💰.
