DOGE continues to rise – Opportunity for both sides?
DOGE is maintaining its upward trend, with an increase of over 4% in the past 24 hours. High trading volume indicates strong interest from the market.
2. Multi-timeframe technical analysis
15-minute timeframe (15m)
• Trend: Short-term up
• Support: $0.235
• Resistance: $0.245  
Price is fluctuating within a narrow range, indicating accumulation before a potential breakout.
1-hour timeframe (1h)
• Trend: Slightly up
• Support: $0.230
• Resistance: $0.250 
Price has surpassed the 50-hour moving average, indicating that an upward trend is forming.
4-hour timeframe (4h)
• Trend: Medium-term up
• Support: $0.225
• Resistance: $0.260 
The RSI indicator is at 60, indicating that the upward momentum still has room.
Daily timeframe (D1)
• Trend: Long-term up
• Support: $0.220
• Resistance: $0.270 
Price is approaching the 200-day moving average; if surpassed, it will confirm the long-term upward trend.
3. Futures trading strategy
Long option (Buy)
• Entry: $0.235
• Take Profit (TP): $0.260
• Stop Loss (SL): $0.225
• Probability of winning: 70% if support at $0.235 holds
Short option (Sell)
• Entry: $0.260
• Take Profit (TP): $0.235
• Stop Loss (SL): $0.270
• Probability of winning: 60% if resistance at $0.260 is not surpassed 
