Here is a simplified analysis $DOGE
of Dogecoin (DOGE), including support and resistance levels
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1. Support and Resistance Levels
Current Support: The analysis indicates that the critical support level is between $0.213 – $0.214, with additional stronger support possibly around $0.202 – $0.205 as shown by the lower Bollinger band. This is considered an initial protection area against sharp declines.
Main Resistance: The price found resistance around $0.220 – $0.221, with repeated tests noted at this area. Above this, the next resistance is at $0.235, and if successfully breached, the currency may head towards $0.25 in the short term.
Wider Range: Analysis from OKX indicates a wider resistance range starting from $0.24 and reaching $0.29, while critical support levels lie between $0.19 – $0.22.
** Summary:**
Important Supports: ~ $0.213 – $0.214 (immediate), and a lower range between ~ $0.19 – $0.20.
Nearby Resistances: ~ $0.220 – $0.221.
Advanced Resistance Targets: ~ $0.235, with additional levels up to ~ $0.29.
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2. RSI Indicator Reading
Neutral RSI: A recent reading of around 44 → indicates a neutral market condition without overbought or oversold conditions.
Additional Data: Analysis from Gate News shows RSI at 40.43, while the line used for evaluation is at 44.80, meaning it is still in a neutral range after previous selling pressure.
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