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21.02.202510:46 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday February 21, 2025.

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Exchange Rates 21.02.2025 analysis

After successfully breaking out of the downtrend line (red) and forming a Bullish 123 pattern followed by Ross Hook (RH). Doge corrected and formed a Descending Broadening Wedge pattern and Convergence between Doge's price movement and the Stochastic Oscillator indicator (5,3,3), then it is confirmed that in the near future Doge has the potential to appreciate and strengthen upwards where the level of 0.25790 will be tested to be break and close above it if successful then Doge has the potential to continue its strengthening to 0.27834 as the main target and 0.28762 but if on its way to the target levels suddenly Doge weakens again and closes below 0.24153 then all the strengthening settings that have been described previously will become invalid and canceled automatically.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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