2025/7/22 #DOGE# $DOGE Current trend judgment: Upward trend (but beware of short-term pullback risks)

Core basis:
1. Price Trend:
The latest closing price is 0.27391, an increase of 43.8% compared to the low point of 0.19035 on July 15.
Recently, it has continuously broken through key resistance levels such as 0.25 and 0.27, forming higher highs and higher lows.
2. Technical Indicator Verification:
MACD:
Although the bar chart shows a slight negative value (-0.000251), the DIF(0.013458) is still significantly higher than the DEA(0.013708).
On July 18, a peak of 0.003179 was observed, indicating strong bullish momentum.
EMA:
The fast line ( at 0.267038) continues to be higher than the slow line ( at 0.253580) and the gap is widening.
The current price is above the double EMA, indicating a typical bullish arrangement.
RSI:
The latest value of 65.91 is in the bullish range (50-70) and has not yet entered the overbought zone.
After reaching a high of 77.76 on July 18, it has undergone a healthy correction.
3. Volume Coordination:
On July 20, a massive surge of 302 million USDT occurred (+8.3% increase).
Recently, the average trading volume has been maintained at 100-200 million USDT, significantly higher than the level at the beginning of July.
Warning signals:
1. Short-term top divergence:
On July 21, when the price hit a new high of 0.28750, the MACD histogram ( was 0.000613), which is lower than the previous high of 0.003179.
RSI failed to synchronize with a new high (76.67 vs 77.77)
2. StochRSI Overbought:
The latest StochRSI_K value has plummeted to 9.26, indicating short-term overselling.
But the D value is still at 31.33, and a rebound may occur.
Key support/resistance levels:
Support: 0.265 (near 20EMA), 0.254 (breakthrough point on July 20)
Resistance: 0.2875), 0.30 psychological barrier
Operation Suggestions:
1. Holders can continue to hold, moving the stop loss up to below 0.265
2. Short-term traders can wait for the StochRSI_K value to rebound above 20 before considering entry.
3. If there is a significant drop below 0.265, the trend may shift to a range-bound movement.
The current market is still in a phase of active major capital (with a cumulative transaction volume exceeding 700 million USDT from July 18-20). Although short-term technical indicators show a demand for overbought correction, the overall upward channel remains intact. It is recommended to closely monitor the breakthrough situation at the resistance level of 0.2875.