Technical analysis for the DOGE/USDT pair:
Key technical indicators:
· Current price: $0.23667
· RSI at 25.44 (Strong oversold signal)
· MACD indicates slight improvement in momentum (0.00043)
Support and resistance levels:
· Strong support: 0.23740 - 0.23067
· Resistance: 0.24603 - 0.25466 - 0.26329
Forecasts and recommendations:
· Indicators suggest a buying opportunity at current support levels
· Oversold area increases the likelihood of a bullish rebound
· Risk management is advised by placing a stop loss below 0.22800
Summary:
The pair is experiencing strong selling pressure but technical indicators suggest a near trend reversal, representing a potential trading opportunity for speculators.
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DOGE
0.14111
+2.21%
PEPE
0.0₅456
+2.24%
SHIB
0.0₅843
+2.18%