DOGEUSDT (1D Chart) Analysis
2025-02-13
Category: None

DOGEUSDT (1D Chart) Analysis

Market Overview
Dogecoin (DOGE) is trading at 0.25840 USDT, down 2.19% for the day, showing signs of continued bearish pressure.

Stochastic RSI is in the oversold zone, suggesting a possible relief bounce.
Bearish structure remains intact, but price is near a demand zone.
EMA 20 & EMA 50 are acting as resistance, pushing price lower.

Key Technical Levels
Immediate Resistance: 0.26624 - 0.28458 USDT (EMA 20 & 50 Zone)

Major Resistance Levels:

0.30782 USDT (Previous support, now resistance)
0.32743 USDT (Stronger resistance, Fibonacci 50%)
0.37640 - 0.42387 USDT (Golden zone, strong supply area)

Support Zones:

0.2500 USDT (Psychological level)
0.2188 - 0.20178 USDT (Major demand zone, strong buy area)
0.19791 - 0.19301 USDT (Critical support, invalidates bullish case if broken)
Trade Setup & Strategy

📌 Bearish Continuation (Short Setup)

Entry: 0.266 - 0.284 USDT (Short at resistance rejection)
Targets (TPs):
0.2500 USDT
0.2188 - 0.2018 USDT (Major demand zone, strong bounce expected)
Stop-Loss: Above 0.2900 USDT

📌 Bullish Reversal (Long Setup)

Entry: 0.2188 - 0.2018 USDT (Buy at demand zone)
Targets (TPs):
0.2500 USDT (First recovery level)
0.2845 - 0.3078 USDT (EMA resistance breakout target)
0.3274 - 0.3764 USDT (Fibonacci target zone)
Stop-Loss: Below 0.1900 USDT (Invalidates bullish scenario)

Conclusion
DOGE is still in a bearish structure, with lower highs and lower lows.
A short-term bounce is possible, but strong resistance lies around 0.266 - 0.284 USDT.
Best buy zone: 0.2188 - 0.2018 USDT, as it aligns with demand and previous rejections.
Break above 0.3274 USDT could signal a trend reversal.
Would you like a lower timeframe analysis (4H or 1H) for intraday trades? 🚀







