$DOGE DOGE/USDT Market Analysis & Outlook
In the recent 24 hours, DOGE/USDT has shown a clear wave-like movement between $0.16099 and $0.16946. The price dropped from the peak and is now hovering around $0.16279. This reflects a cautious sentiment after a short-term bullish attempt.
Key indicators show:
MACD remains slightly bearish but flat, indicating consolidation.
KDJ suggests weakening momentum, but not yet oversold.
Volume spikes show active interest during dips and rebounds.
Prediction:
If DOGE maintains above the $0.160 support, we could see a short-term retest of $0.166–$0.168. A breakdown below may push the price toward $0.158.
Strategy Suggestion:
Scalpers: Watch for bounces at support zones ($0.160–$0.162).
Swing traders: Monitor volume and MACD crossover for a stronger bullish signal.
Here’s a simple visual showing recent 1H trend:
I'll continue refining this prediction using different timeframes and methods in future updates. Stay tuned.
Let me know your thoughts on this movement. Do you see a bullish reversal coming soon?