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$DOGE /USDT – 1H Chart Analysis
Price is at $0.09934, up 0.90% today. A small recovery, but still below the key levels.
On the 1H chart, price is trading slightly below all three WMAs – WMA5 at $0.09957, WMA10 at $0.09954, and WMA20 at $0.09954. So the structure is still bearish, but barely.
Resistance is at $0.09992, then $0.10051 and $0.10334. Support sits at $0.09786, then the 24H low at $0.09650.
RSI values are all below 50 – RSI6 at 42.07, RSI12 at 47.51, RSI24 at 46.92. Weak momentum, but not oversold.
Volume is light at $24.44M.
What I think: DOGE is trying to find a bottom after the drop to $0.09650. It's very close to reclaiming the WMAs – a small push above $0.09957 could turn the short-term trend bullish. Until then, it's still in bearish territory.
Bias: Bearish below WMAs. Watching $0.09957 for a potential breakout.
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