Based on the current picture of the DOGE/USDT currency pair, here is a brief technical analysis:
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Key Data:
Current Price: $0.23697
Daily Change Percentage: +0.39% (slight increase)
Highest Price in 24 Hours: $0.24079
Lowest Price in 24 Hours: $0.21736
The current price is slightly below the MA60 moving average ($0.23747).
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Time Performance Indicators:
Last 7 Days: +39.77%
Last 30 Days: +40.96%
Last 90 Days: +6.11%
180 Days: -38.92%
Year: +67.90%
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Quick Technical Analysis:
The short-term trend appears to be declining or correcting, as the price broke below the MA60 and then rebounded slightly.
Trading volume is good, but there are currently no strong bullish candles.
Time indicators suggest that the price has risen in recent days, so there is a high probability of a temporary correction or sideways movement.
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Appropriate Decision:
If you own the currency:
It is preferable to hold at present, while monitoring the price at $0.240; if it approaches again and does not break through, partial selling can be considered.
If the price breaks the support at $0.233 or starts to drop with strong red candles, then a full or partial sale can be made to minimize losses.
If you are considering buying:
It is not advisable to buy directly now, as the price is in an unclear position (between MA60 and a local bottom).
Wait for a clear trend confirmation: either a break above $0.240 with strong trading volumes, or a pullback towards $0.22 followed by a rebound.
