1. Funds continue to flow in, with sufficient buying support in the derivatives market; 24H only slightly down by -0.39%, indicating weak downward momentum.
2. 1-hour MACD bullish crossover emerging, bullish momentum starting to accumulate; RSI at 48 in the neutral zone, with no overbought or oversold pressure.
3. Price holding above the Fibonacci 23.6% retracement level ($0.1485), with strong short-term support and no breakdown signals.
4. As a potential asset, market attention is increasing, capital absorption is strengthening, with technical and capital factors resonating.
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$DOGE Current price: $0.1502
Direction: Short-term long
Reasoning:
1. Funds continue to flow in, with sufficient buying support in the derivatives market; 24H only slightly down by -0.39%, indicating weak downward momentum.
2. 1-hour MACD bullish crossover emerging, bullish momentum starting to accumulate; RSI at 48 in the neutral zone, with no overbought or oversold pressure.
3. Price holding above the Fibonacci 23.6% retracement level ($0.1485), with strong short-term support and no breakdown signals.
4. As a potential asset, market attention is increasing, capital absorption is strengthening, with technical and capital factors resonating.
Support levels:
1. $0.1485 (Fibonacci 23.6% retracement)
2. $0.1450 (Recent consolidation low, strong support)
Resistance levels:
1. $0.1530 (Intraday rebound high, short-term resistance)
2. $0.1560 (Previous consolidation center, strong resistance)
Suggested take profit: $0.1550, stop loss: $0.1470
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