#DogecoinCommunity #doge⚡

1. Current Price and Trend

Price Level: Dogecoin is trading around $0.2478, up by approximately 20.67% over the past 24 hours.

Moving Averages (MA): The price remains above the short-term MA(7) (yellow) and the longer MA(25) and MA(99), indicating continued bullish momentum.

Trend: The price has been making higher lows and higher highs, which suggests a consistent uptrend.

2. Volume and Momentum

Volume Trends: The volume bars show steady buying activity, with notable spikes during recent price rises. Strong volume during price increases is a positive indicator of buying interest.

Momentum Indicators: The price’s ability to stay above moving averages, especially the MA(7) and MA(25), indicates sustained momentum, while the MA(99) provides longer-term support.

3. Support and Resistance Levels

Support:

Immediate support appears around the $0.24 level (near MA(7)), where buying activity has kept the price from falling further.

Secondary support lies near $0.22 (MA(25)), which would be a critical level for bulls to maintain.

Resistance:

The current level of $0.25 could act as a near-term resistance, as it’s both a psychological barrier and close to recent highs.

If $0.25 is breached, the next likely resistance could be around $0.28, assuming continued bullish momentum.