Technical Analysis: • RSI(14): 39.2 - on the edge of the oversold area 📉 • MACD: Negative value but histogram turns positive, indicating a weakening of downward momentum 🔄 • Super Trend: 0.2185 is in a bearish signal ⚠️ • Bollinger Bands: Price nearing the lower band support 📈
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#doge#
🐕 DOGE Strategy Analysis
Current Price: $0.211 📊
Technical Analysis:
• RSI(14): 39.2 - on the edge of the oversold area 📉
• MACD: Negative value but histogram turns positive, indicating a weakening of downward momentum 🔄
• Super Trend: 0.2185 is in a bearish signal ⚠️
• Bollinger Bands: Price nearing the lower band support 📈
Key price level:
• Support level: $0.207 (tested), $0.204 💪
• Resistance levels: $0.218, $0.225 🚧
On-chain dynamics:
A new wallet has withdrawn 32.9 million DOGE (worth 6.96 million USD) from Binance, indicating accumulation by large holders 🐋
Trading Strategy:
Long opportunity: Accumulate positions in batches in the $0.208-0.210 range, stop loss at $0.204, target $0.225-0.235 🎯
Risk warning: The overall trend is still bearish, need to wait for a breakout of $0.218 to confirm a reversal ⚡
Market sentiment is cautious, suggesting light positions and strict stop-loss.
#MLP#