Morning Outlook on DOGE
Short-term Technical Key Signals
1. Support and Resistance Levels
Support Level: The current price of 0.22512 is close to the key support area of 0.22 USD. If it falls below 0.22 USD, it may further drop to 0.18 USD, or even 0.10 USD.
Resistance Level: Short-term resistance is at 0.233 (near opening price), if broken, it may test 0.238 or 0.24 USD.
Trend Forecast
Scenario 1: Rebound Repair
- Condition: Price stabilizes at 0.22 USD with accompanying volume increase.
- Target: Test 0.233→0.238 USD resistance, if broken, may challenge 0.24 USD.
Scenario 2: Continued Adjustment
- Condition: Price falls below 0.22 USD.
- Target: Drop to 0.18 USD, or even 0.15 USD.
Operational Suggestions
- Long Position Strategy: If the price rebounds above 0.23 USD with increasing volume, a small long position can be attempted, stop loss set below 0.22, target 0.238→0.24 USD.
- Short Position Strategy: If it falls below 0.22 and RSI is below 40, a short position can be taken for a short term, stop loss at 0.23, target 0.20→0.18 USD.
Long-term Outlook
In the medium to long term, the potential increase of DOGE depends on the implementation of ETFs (target 0.40 USD) and the breakout of technical patterns (such as bullish flag target 0.342 USD). However, caution is needed regarding macroeconomic fluctuations (such as US stock corrections) and changes in regulatory policies.
