The current price of Dogecoin is 0.14170 USDT, and the market is showing an increase of +1.93% in the last 24 hours. The chart shows an increase in the upward movement after a period of consolidation. Here is what can be highlighted from the analysis:
1. Moving Averages (MA):
• MA(7) at 0.13955 and MA(25) at 0.14105 confirm the uptrend as the price is above these averages, indicating potential for further upward movement.
2. Trading volumes:
• DOGE's 24-hour volume is 1.51 billion, indicating strong interest from traders. This could support the price growth if volumes continue at this level.
3. Technical indicators:
• The MACD and RSI indicators are showing positive dynamics, which means that the growth momentum is maintained. Considering that the RSI is not yet in the overbought zone, the asset has potential for further growth.
4. Key levels:
• The nearest resistance level is at 0.14350 USDT. If this level is successfully broken, Dogecoin can quickly reach 0.15 USDT and above.
Forecast:
If current volumes and dynamics are maintained, Dogecoin may reach the level of 0.15-0.155 USDT in the next few days. However, if the price does not break through the resistance level of 0.14350, a correction to the support level of 0.137 USDT is possible.
Conclusion:
Dogecoin is currently in the zone of interest for traders, and if the bullish momentum continues, growth of 5-10% is possible.
