📉 Technical Analysis of Dogecoin (DOGE/USDT) – March 2025
🔹 Current Price: $0.15994
📉 Daily Decrease: -7.83%
📉 Weekly Decrease: -17.67%
📈 Increase Over 180 Days: +57.76%
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📊 Key Technical Indicators
✅ Relative Strength Index (RSI) = 13
🔹 Indicates that the currency is in the oversold region, suggesting a potential upward reversal soon.
✅ Moving Average Convergence Divergence (MACD)
🔹 The downward trend continues, but there is a possibility of a bullish crossover soon if buying volume increases.
✅ Strong Support Level: $0.1428
🔹 If broken, we might see a decline towards $0.12.
✅ Major Resistance Level: $0.18 – $0.20
🔹 The price needs to break through this area to confirm the upward trend.
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🎯 Trading Strategies
✅ For Day Traders (Scalping):
Enter at levels $0.14 – $0.16
Exit at resistance $0.18 – $0.20
✅ For Medium-term Investors:
Gradual buying at $0.14 – $0.15
First Target: $0.20 – $0.25
Second Target: $0.30+
✅ For Adventurous Traders:
If the price breaks $0.14, wait for a bounce or stabilization before entering.
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🔮 Future Predictions for Dogecoin
📈 Bullish Scenario:
If demand increases and the overall market rises, it could reach $0.25 – $0.30 in the coming months.
📉 Bearish Scenario:
If the market loses momentum and the price breaks $0.14, we may see $0.10 – $0.12 before any bounce.