DOGE Coin Analysis Hourly Frame /

1. Important Levels (Supports and Resistances)

Supports:

0.2510: Close support, representing the 99 moving average level.

0.2440 - 0.2386: Strong support areas in case the decline continues.

Resistances:

0.2579 - 0.2591: Moving average 25, if broken, we may witness an upward trend.

0.2605: Parabolic SAR level, which is a dynamic resistance.

0.2703: 24-hour high, strong resistance.

2. Indicators Analysis

Moving Averages (MA):

MA(7) at 0.2540 is below MA(25) and MA(99), reflecting current selling pressure.

RSI(6) = 35.79: Close to the oversold zone, which may lead to a rebound.

MACD Negative (-0.00157): Weak momentum currently with potential for further decline.

3. Conclusion

General trend: Bearish currently, but strong support at 0.2510 - 0.2440.

Entry opportunity: If price rebounds from 0.2510 - 0.2440, a buy with a stop loss below 0.2386 can be considered.

Strong buy signal: If 0.2590 - 0.2605 is broken, we may see a rise to 0.2700.

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