#Dogecoin‬⁩ #doge⚡

Chart Overview (1W Timeframe)

Current Price: $0.23307

Recent Trend: Bullish breakout candle forming after prolonged consolidation

Key Indicators:

EMA(7): 0.18943 (Yellow) – Price is above this, indicating short-term bullishness.

EMA(25): 0.21596 (Pink) – Price is also above this, signaling a stronger trend.

EMA(99): 0.17367 (Purple) – Long-term support is well below current price.

RSI(6): 64.75 – Approaching overbought zone (70), but not yet overextended.

Key Observations

Bullish Breakout: Price has broken above both EMA(7) and EMA(25), with strong green volume indicating upward momentum.

Volume Spike: This weekly candle shows significant volume increase, suggesting strong buying interest.

Resistance Levels:

Next resistance zone: Around $0.31–$0.32 (prior swing highs).

Major resistance: $0.48 (multi-month high).

Support Levels:

Immediate support at $0.215–$0.22 (EMA levels).

Stronger support at $0.17–$0.18 (EMA99 and previous base).

Conclusion & Forecast

Short-Term Outlook: Bullish. The breakout above key EMAs with strong RSI momentum suggests continued upward movement.

Medium-Term Target: $0.31–$0.32 if current momentum holds.

Watch For:

RSI >70 (overbought signal)

Rejection near $0.31

Volume consistency (if it fades, rally may weaken)