Dogine’s An increase in the volume of exchanges and the breakthrough of the 200 EMA suggest that things could improve. Even if the volume is somewhat moderate, it could be sufficient to ignite a solid rally in the foreseeable future for the active.
This slight increase suggests that the price can increase again, but there is still a significant level of resistance in place. After failing to maintain your peaks close to $ 0.50 at the end of 2024, DOGE Recently saw a sharp decline and a lost momentum. After the correction, Doge fell below important mobile averages such as EMAs at 100 days (orange) and 50 days (blue), which currently act as resistance. The 200 -day EMA (black), however, provided price support, suggesting a possible rebound. The level of $ 0.26 is an area of crucial interest that DOGE is currently tested.
An increased movement above this level could lead to new gains, possibly aimed at the next level of resistance at $ 0.30. Beyond that, the price can be motivated by the bullish momentum towards the range from $ 0.32 to $ 0.35, which was previously dominated by the sellers. In order to confirm an escape, the bulls must secure a daily fence greater than $ 0.28, which is the EMA of 50 days. The next target, if this level is broken with a significant volume, will be the area from 0.30 to 0.32 $.
The support is still $ 0.24 on the decline; A break below this level would probably lead to a level of $ 0.22 level. Indicating that DOGE is still in a lower area but begins to recover, the relative resistance index (RSI) is currently negotiated nearly 38. An additional indication of a bullish reversal could be a RSI movement above 50.
The modest volume of trading indicates a prudent feeling on the market despite the fact that Doge encounters strong resistance. The failure to maintain the current levels could lead to a return to the lower support areas, but a clear rupture greater than 0.26 could trigger an additional increase. Investors who are considering a bullish perspective should keep an attentive eye on the levels of $ 0.28 to $ 0.30 for strength indications.