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Technical Analysis and Trade Signal for $DOGE /USDT with three target levels and trade momentum:



Technical Analysis:

Current Price: 0.38354 USDT

Support Levels:

Level 1: 0.37642 USDT (recent low, strong support zone)

Level 2: 0.36600 USDT (previous support, potential bounce area)

Resistance Levels:

Level 1: 0.39876 USDT (24-hour high, immediate resistance)

Level 2: 0.40500 USDT (higher resistance, potential breakout)

Trend Analysis:

Short-term Momentum: Negative with a decline of 1.34% in the last 24 hours, suggesting selling pressure.

Long-term Momentum: Bullish, as price is hovering above the 0.376 support level, indicating a potential for recovery if the support holds.

Indicators:

RSI: 42 (Neutral to slightly bearish, suggesting potential for a rebound if it stays above 30).

MACD: Bearish crossover, suggesting further downside in the short term.

Volume: Average, no major volume spikes yet.

Trade Signal:

Entry Point: Buy near 0.37642 USDT (support area), with confirmation from RSI above 30.

Target Levels:

1. Target 1: 0.39000 USDT (first resistance, potential sell zone).

2. Target 2: 0.39876 USDT (24h high, major resistance, take profit here).

3. Target 3: 0.40500 USDT (next resistance, breakout zone).

Stop Loss: 0.37000 USDT (below support, limit risk in case of further downtrend).

Trade Momentum:

Short-term Momentum: Bearish, keep an eye on the 0.37642 support level to avoid more downside.

Long-term Momentum: Bullish if price holds above support and breaks resistance.

This trade has a moderate risk with the potential for short-term recovery if the support level holds. Use caution with the bearish MACD signal.

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