Based on the current picture of the DOGE/USDT currency pair, here is a brief technical analysis:
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Fundamental 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
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 is leaning towards a decline or correction, as the price broke below the MA60 and then bounced slightly.
Trading volume is good, but there are currently no strong bullish candles.
Time indicators suggest that the price has increased in recent days, so there is a high likelihood of a temporary correction or sideways fluctuation.
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Appropriate decision:
If you own the currency:
It is advisable to hold currently, while monitoring the price at $0.240; if it approaches it again and does not break above, partial selling can be considered.
If the price breaks the support at $0.233 or starts to decline with strong red candles, then full or partial selling can be done to minimize losses.
If you are considering buying:
It is not recommended to buy directly now, as the price is in an unclear position (between MA60 and a local bottom).
Wait for confirmation of a clear trend: either a strong breakout above $0.240 with high trading volumes, or a pullback towards $0.22 followed by a rebound.
