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Dogecoin (DOGE) is again showing an interesting movement against the DOGE/USDT pair on the 1-hour timeframe. The current price is around 0.09215 with an upward trend of approximately +2.5%. From the chart, it appears that the price is starting to move above MA5 and MA10, indicating short-term bullish momentum. Additionally, the MACD indicator also shows a positive signal with the DIF line beginning to diverge from the DEA, suggesting a potential continuation of the upward move.
The nearest support area is around 0.09000, while the nearest resistance is approximately 0.09300–0.09400. If the price manages to break through this resistance, the upward potential opens up. However, traders should remain cautious of corrections, especially if volume starts to weaken. A strategy to consider is buying on pullbacks with strict risk management.