Information about the price of Dogecoin (DOGE): Technical analysis:
General trend: Analytics indicate that Dogecoin is moving within a sideways range between the support level at $0.30 and the resistance level at $0.35.
Relative Strength Index (RSI): The RSI is showing signs of oversold, which may indicate a possible bullish rebound soon.
Trading volume: A decrease in selling volume was observed, which may indicate a decrease in selling pressure and a possible stabilization of the price.
Recommendation:
Buy trades:
Entry: Entry can be considered at current prices near $0.32, taking into account risk management.
Profit targets:
Level 1: $0.35.
Level 2: $0.39.
Level 3: $0.42.
Stop loss: Set it below the support level at $0.30, for example at $0.29.
Sell Trades:
Entry: In case the support level at $0.30 is broken steadily, sell trades targeting lower levels can be considered.
Profit Targets:
Level 1: $0.28.
Level 2: $0.25.
Stop Loss: Set above $0.31.
Note: It is always advisable to follow the news and developments related to the cryptocurrency market, as they may significantly affect the price movement.
DOGEUSDT
Permanent
0.3344
+7.08%
