#DOGEUSDT – Major Breakout Signals Strong Long-Term Momentum
Dogecoin is showing significant bullish structure on the weekly timeframe, having broken out of a long-term descending trendline and reclaimed key horizontal support around $0.20–$0.22.
🔹 Key Technical Developments:
✅ Breakout above multi-month trendline resistance
✅ Retest and reclaim of major horizontal support zone
🔼 Price now forming higher highs and higher lows
📈 Path to next resistance zone: $0.48–$0.52
🎯 Long-term target zone: $0.75–$0.85
📌 Key Levels to Watch:
Support: $0.20 (horizontal) & uptrend line
Mid-Term Resistance: $0.48–$0.52
Long-Term Target: $0.75–$0.85
With weekly structure shifting bullish and trendline broken, DOGE could see a strong continuation if BTC remains stable. Ideal for swing/position traders.
🔹 Key Technical Developments:
✅ Breakout above multi-month trendline resistance
✅ Retest and reclaim of major horizontal support zone
🔼 Price now forming higher highs and higher lows
📈 Path to next resistance zone: $0.48–$0.52
🎯 Long-term target zone: $0.75–$0.85
📌 Key Levels to Watch:
Support: $0.20 (horizontal) & uptrend line
Mid-Term Resistance: $0.48–$0.52
Long-Term Target: $0.75–$0.85
With weekly structure shifting bullish and trendline broken, DOGE could see a strong continuation if BTC remains stable. Ideal for swing/position traders.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.