Lets take a look at the $DOGE /USDT chart. Here's whats going on and what we might expect:
The current price of DOGE is 0.09806, which's down 3.03%. The price recently hit a low of 0.09749. It didn't go any lower. This is a level to watch because it shows that DOGE is holding steady.
Short-Term Trend: The 7-period moving average is at 0.09843, which's very close to the current price. The 25-period moving average is at 0.09992. If DOGE can rise above the 25-period moving average it might keep going up.
Volume Insights: Trading volume has been moderate. When the price has been moving a lot the volume has picked up. This means there's interest in DOGE to make the price move. If the volume increases it could mean the price is going to rise
Profit Potential: DOGEs price tested the support level at 0.09749. Bounced back above 0.098. This could be a sign that the price is reversing. If DOGE stays above 0.098 and breaks past 0.099 it might reach the highs near 0.10360.
In summary DOGE is holding above the support levels. If it keeps this up and breaks through the 25-period moving average there's a chance it will go up. Keep an eye on the price action as this could be an opportunity, for traders looking for a rebound.
