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Dogecoin (DOGE) movement on the DOGE/USDT pair is once again attracting traders' attention, especially on the 1-hour timeframe. Currently, the price is around 0.092 and shows a gradual upward trend after previously touching a low area near 0.088. This increase is supported by the price position already above the MA5, MA10, and MA30 lines, indicating that a short-term bullish trend is beginning to form.
From a technical indicator perspective, MACD shows a positive signal with the histogram starting to move into the green zone. This usually indicates increasing buying momentum in the market. Trading volume also appears quite stable, reinforcing the possibility of the price continuing its rise.
Strong support is around 0.090, while the nearest resistance is in the range of 0.093 to 0.095. If the price manages to break through this resistance, the potential for further gains is quite significant. However, if a breakout fails, a consolidation or pullback is likely to occur first before continuing the trend. Therefore, it is important for traders to pay attention to risk management and avoid rushing decisions.