Considering the DOGE/USDT chart, the current data leans more towards an upward trend, but with a possibility of a short correction before any new surge.
Reasons favoring the upward movement now:
The price has broken above MA7 and MA25, reflecting a change in momentum in favor of buyers.
The trading volume is very high, indicating new liquidity entering the market.
The recent candles are bullish and strong without significant upper wicks, meaning that sellers have not pressured significantly yet.
However, caution should be exercised regarding two points:
1. If the price fails to hold above 0.246 USDT, we may witness a corrective drop to the 0.236 – 0.228 USDT area.
2. There is strong resistance at 0.265 USDT, and it is likely that profit-taking selling will occur at that level.
📌 Summary:
The most likely scenario now is a continued rise towards 0.265 USDT, with a slight corrective drop possible before that. The short-term trend is upward, but any break below 0.227 USDT will change the outlook to a bearish bias.