Doge Update as of September 9, 2024 6:00 pm

**Bias:** Bullish

**Rationale:**

* **Breakout of downward trend:** The recent breakout above the resistance level of 0.09000 in 1 and 4-hour timeframes suggests a potential reversal of the downtrend.
* **High volume:** The breakout was accompanied by an increase in trading volume, indicating increased buying pressure.
* **Technical indicators:** The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both moving upwards and out of oversold territory, supporting the bullish bias.

**Suggestion:**

Based on these technical indicators, I would suggest considering the following:

* **Potential entry point:** A conservative entry point could be above the resistance level of 0.09000, once it is retested and confirmed as support.
* **Stop-loss:** A stop-loss could be placed below the recent low of 0.08000.
* **Target:** A potential target could be the previous high of 0.11400.

**Caution:**

Please note that this is a technical analysis and does not constitute investment advice. Always conduct your own research and consider your personal risk tolerance before making any trading decisions.