Is $DOGE 🚀🚀on a Bullish Trend?

Is taking a quick scalp right now will be helpful??

Key Observations (1H Chart):

✅ Price: $0.17293 (Still holding above MA(25) and MA(99)).

✅ Moving Averages:

• MA(7): $0.17337 (Price is slightly below it, minor short-term weakness).

• MA(25): $0.17198 (Price is above it, indicating bullish support).

• MA(99): $0.16765 (Long-term support remains intact).

✅ RSI Levels:

• RSI(6): 51.25 (Neutral but slightly bullish).

• RSI(12) & RSI(24): Above 50, which suggests moderate bullish momentum.

✅ Higher Low Formation: Price recently bounced from $0.16814 to $0.17626, forming higher lows—a bullish sign.

Trend Analysis:

• Short-Term: Consolidation near resistance. Needs a break above $0.1735–$0.175 for further bullish momentum.

• Mid-Term: Still bullish as long as it holds above MA(25) at $0.1719.

• Long-Term: MA(99) support at $0.1676 remains unbroken, indicating an overall uptrend.

Verdict:

Slightly Bullish but needs confirmation above $0.1735–$0.175 for further upside. If it drops below $0.1715, short-term bearish pressure might come in.

Is it worth scalping now?

🔹 Risk Level: Medium → Price is consolidating, and momentum is not very strong.

🔹 Safer Play: Wait for a breakout above $0.1735 for more confirmation.

🔹 If Entering Now: Keep a tight stop loss below $0.1715.