$DOGE Currency Analysis Hourly Frame:
1. Supports and Resistances♥♥:
Resistances♥:
0.26220 (99 MA Moving Average) - Nearby resistance.
0.27246 - Clear horizontal resistance level.
0.29295 - Previous highest peak, strong resistance.
Supports♥:
0.24700 (SAR) - Nearby support.
0.24274 - 24-hour low.
0.22230 - Older and stronger support.
2. Technical indicators:
Moving averages:
The price is facing resistance at MA(99) = 0.26220.
MA(7) < MA(25) < MA(99) indicating a previous downtrend, but there are attempts to break the smaller averages.
RSI(6) = 79.55
In the overbought zone (>70), indicating a possible correction is imminent.
MACD:
The fast line (DIF) crosses above the slow line (DEA), which is a weak bullish signal.
3. Recommendation♥♥♥:
In case of breaking the resistance 0.26220 with a strong close: you can consider entering a buy trade with a target of 0.27246 and then 0.29295.
If 0.26220 is not broken and RSI remains high: you can expect a correction towards 0.24700 - 0.24274, which are good support levels for buying.