🐕 DOGE/USDT – Major Meme Coin at Key MA60 Inflection
Spot Trading | Binance
📊 Current Stats:
Price: $0.12447 (-1.30% today)
24h High/Low: 0.12884 / 0.12029
24h Volume (USDT): 85.79M
MA60: $0.12412 (Immediate Pivot)
Category: Proof-of-Work (POW) | Vol
📈 Technical Context:
Price is consolidating tightly around MA60 – a decisive break will set the near-term direction.
Volume is well below MA(5) & MA(10), indicating low momentum and potential for a volatility spike.
Longer-term trends remain bearish (7D: -15.70%, 1Y: -67.72%).
🎯 Trading Setup (Two-Scenario Approach):
Scenario 1 – Breakout Long (if MA60 holds as support)
Entry: Above 0.12550 (confirmation of strength)
TP1: 0.12850
TP2: 0.13100
TP3: 0.13400
SL: 0.12250
Scenario 2 – Rejection Short (if MA60 acts as resistance)
Entry: Below 0.12350 (break of MA60 support)
TP1: 0.12100
TP2: 0.11900
TP3: 0.11700
SL: 0.12650
⚠️ Risk Note:
DOGE is a high-volatility meme coin – sentiment and social trends can drive sharp moves.
Current low volume suggests indecision – wait for a clear breakout with increased volume.
Not financial advice. Use strict stop losses and appropriate position sizing.
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