DOGE intraday analysis

Current price: 0.25024 (+1.34%)

Support level: 0.240 (near daily EMA30)

Resistance level: 0.255 (EMA5), 0.260 (EMA10)

Long-short view:

● Short-term: The price is above EMA5 but not below EMA10, and MACD momentum is weak. If it stands at 0.25 during the day, you can try to buy with a small position, with a target of 0.255-0.26; if it falls below 0.245, it will turn short and look down to 0.24.

● Medium- and long-term: The weekly EMA30 (0.287) has obvious suppression, and the trend is still bearish. Rebound is an opportunity to reduce positions.

Forecast for the next week:

● If it breaks through 0.26 at the beginning of the week, it is expected to test 0.27;

● On the contrary, it falls under pressure, and there is a high probability of a volatile decline to the 0.23-0.24 range.

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