technical analysis and trade signal for $DOGE /USDT

Current Price: $0.40326 (-3.38%)

DOGE is showing short-term bearish momentum after hitting resistance near $0.41745. However, the strong support at $0.39906 indicates potential for a rebound. The market is seeing decent trading volume, suggesting active participation, which could lead to volatility in the upcoming sessions.

Key Levels:

Support Level: $0.39906 (Critical short-term support)

Resistance Level: $0.41745 (Immediate resistance)

Mid-term Resistance: $0.43000

Trade Signal

Momentum: Neutral-to-Bearish (currently consolidating)

Entry Point: Near $0.40000 (if the price sustains above this support level)

Targets 🎯:

1. Target 1: $0.41200 (Short-term resistance)

2. Target 2: $0.41700 (Breakout confirmation)

3. Target 3: $0.43000 (Mid-term resistance level)

Stop Loss: $0.39500 (below support zone)

Trading Momentum:

If DOGE breaks above $0.41745, we may see bullish momentum toward $0.43000.

If DOGE fails to hold $0.39906, a further downside to $0.38500 is possible.

💡 Wait for confirmation near support or resistance zones before entering trades. Use proper risk management strategies.

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