#CryptoTrading. #TechnicalAnalysiss

📊Technical Analysis (1 hour) $DOGE /USDT

1. Price and Trend: Current price is 0.23756 USD with an increase of +8.43%. The chart shows an overall uptrend, supported by the movement of the moving average (MA) and the exponential moving average (EMA).

2. Bollinger Bands (20, 2): Price is approaching the upper limit (0.23884), which may indicate overbought or a potential correction. The middle line (MB: 0.22999) serves as a support level.

3. Volume (VOL): Volume is increasing (676.248B), which confirms the strength of the upward movement. The spike in volume coincides with the increase in price.

4. MACD: DIF (0.00390) and DEA (0.00364) lines are diverging, while MACD (0.00025) is positive, signaling continued bullish momentum.

5. RSI and Stochastic: RSI (96.68266) and Stochastic (%K: 96.32791) are in the overbought zone (>70), which may indicate a risk of correction.

6. Support and Resistance: The nearest support is 0.22115 (lower Bollinger Band), resistance is 0.23884 (upper Bollinger Band). A break above may target 0.24118.

⚠️Conclusion: The current trend is bullish, but high RSI and Stochastic indicators hint at a possible correction. It is recommended to monitor volumes and support/resistance levels.