#AltcoinSeasonLoading
General trend: DOGE is currently moving within a sideways channel between ~0.20 and 0.23 dollars. A clear breakout above 0.23 indicates a resumption of upward momentum, while a close below 0.20 reinforces the downward trend.
RSI (14) near the 45–50 zone, indicating initial neutrality and waiting for either overbought or oversold conditions to complete.
Strong support: 0.20–0.202 dollars.
First resistance: 0.23 dollars, second: 0.25 dollars.
Correlation with Bitcoin: DOGE movements often follow BTC movements at a rate of 0.4–0.6, so monitoring support/resistance levels in BTC is important.
News and rumors: The speed of meme dissemination and celebrity marketing plays a significant role in driving the price in the short term.
A maximum of 5×–10× is preferred to maintain an acceptable risk ratio.
