$DOGE - #Dogecoin
📊 Graphic Analysis – DOGE/USDT (1D)
🔹 Important Supports
1. $0.18845 → recent low marked on the chart (visible minimum).
2. $0.20529 → next intermediate support (local minimum before reaction).
3. $0.21668 → most recent bottom in the last 24h.
🔹 Important Resistances
1. $0.22708 – $0.22597 → current resistance area, where the price recently hit and pulled back.
2. $0.24887 → stronger resistance, previously marked as local top.
3. $0.27066 → medium-term resistance.
4. $0.28750 → higher peak on the chart, long-term resistance.
🔹 Moving Averages (visible indicators)
• MA(7) = 0.22545 → above the current price (immediate resistance).
• MA(25) = 0.22439 → practically at the same level as MA7, reinforcing the resistance area.
• MA(99) = 0.20350 → well below, serving as a more solid support.
👉 This shows that the price is pressured between short-term resistances and a more distant support.
🔹 RSI (Relative Strength Index)
• RSI(6) = 49.38
• RSI(12) = 49.65
• RSI(24) = 50.98
➡️ The RSI is neutral (close to 50), with no overbought or oversold conditions. This indicates a balance between buyers and sellers.
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📈 Possible Scenarios
• Uptrend: If the price breaks 0.225 – 0.227, it may seek 0.248 and then 0.270.
• Downtrend: If it loses support at 0.216, it may drop to 0.205 and then 0.188.
• Sideways: As the RSI is neutral and the price is between MA25 and MA99, it may consolidate between 0.216 – 0.227 before a breakout.
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👉 In summary:
• Strong support zone: $0.205 – $0.216
• Strong resistance zone: $0.225 – $0.227
• Short-term trend: Sideways, awaiting breakout.
