Doge Coin Analysis
Technical Analysis:
1. Moving Average (MA) Indicators:
7-day Moving Average (MA7): 0.36304 (short-term signal).
25-day Moving Average (MA25): 0.35680 (current support level).
99-day Moving Average (MA99): 0.38289 (major resistance).
2. Candlesticks:
The general trend shows an attempt to rise after breaking the support at 0.33572.
Resistance at 0.40382 (24-hour high).
3. RSI (Relative Trend Strength):
RSI = 65.67 (signal of approaching overbought zone, need to be careful of reversal).
4. MACD Indicator:
Positive crossover of the indicator shows the beginning of bullish momentum.
Support and Resistance Levels:
Support:
0.35680 (MA25).
0.33572 (last low reached).
Resistance:
0.38289 (MA99).
0.40382 (last peak).
Recommendation:
If you already own the currency, you can wait for the resistance break at 0.40382 to confirm the uptrend.
In case of a downtrend, monitoring at the support at 0.35680 is necessary.
Entering a buy trade is preferable after confirming the momentum above 0.38289 while monitoring the volumes.
