Dogecoin (DOGE/USDT) 4H Analysis - Potential Setup in Play
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DOGE is forming a bullish pennant pattern on the 4-hour chart, indicating a potential continuation of the uptrend. A breakout above the upper trendline could trigger a strong move upward.
However, there are some risk factors to consider. A bearish divergence on the RSI suggests the possibility of a short-term correction. Furthermore, the 200 EMA on the 4-hour chart is acting as dynamic support. Losing this level could shift momentum to the downside.
Currently, DOGE is trading at $0.2524, with an intraday high of $0.2679 and a low of $0.2481.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.