DOGE Looking Strong as Support Holds
🔹 1. Support Zone Validated
The chart shows Dogecoin retested the lower boxed region around $0.221–$0.223, and bounced sharply from that zone. Given the heavy spike in volume during the retest, this suggests aggressive buying and accumulation—a hallmark of bullish conviction.
CryptoRank
The Tradable
🔹 2. Fibonacci 0.618 Support Bounce
On the 4‑hour timeframe, DOGE held firm above the critical Fibonacci 61.8% retracement level, and delivered a strong rebound—indicating technical significance and buyer interest at this level.
Blockchain News
🔹 3. Double-Bottom + Trendline Breakout
Analysts have identified a classic double-bottom formation, with price clearing the neckline (~$0.230–$0.231) and then retesting it successfully. Holding this retest confirms a breakout, suggesting more upside ahead.
Crypto Basic
🔹 4. Whale Activity & Accumulation
On-chain data shows $250 million in Dogecoin accumulation by whales, especially around the support zone—creating a structural demand base and reinforcing the bullish setup.
CoinCentral
🎯 Price Targets & Key Levels
Scenario Levels Rationale
Bullish continuation $0.239–$0.241 union resistance First resistance zone—price must reclaim to continue bullish momentum
$0.260–$0.280 Reclaiming $0.241 could open room toward mid‑channel resistance or prior highs
$0.300+ Potential target if momentum sustains and broader breakout occurs
Bearish invalidation $0.223 support Invalid break below suggests fading momentum—risk of correction to $0.215–$0.218
$0.215–$0.218 Secondary support zone if expansion of sell side continues
⚙️ Trade Setup for a Bullish Bias
Entry Focus: Consider entering long near $0.223 if price retests and holds, with a tight stop just below support.
Stop-Loss Zone: Slightly beneath $0.221 to account for volatility.
Targets: Scale out around $0.241, with larger targets at $0.260–$0.280, and possibly $0.30+ on sustained strength.
Confirmation: Watch for rising volume, break and close above resistance zones, and bullish indicator alignment.
⚡ Market Sentiment & Broader Themes
Momentum Shift: A bearish retrace reversed quickly amid accumulation, suggesting strong buyer commitment.
CryptoRank
The Tradable
AInvest
Double Bottom Status: Analyst commentary supports a reversal setup, with targets toward $0.310–$0.46 if the neckline holds.
Crypto Basic
AInvest
CryptoRank
Macro View: DOGE remains within a bullish channel; some forecasts project
🔹 1. Support Zone Validated
The chart shows Dogecoin retested the lower boxed region around $0.221–$0.223, and bounced sharply from that zone. Given the heavy spike in volume during the retest, this suggests aggressive buying and accumulation—a hallmark of bullish conviction.
CryptoRank
The Tradable
🔹 2. Fibonacci 0.618 Support Bounce
On the 4‑hour timeframe, DOGE held firm above the critical Fibonacci 61.8% retracement level, and delivered a strong rebound—indicating technical significance and buyer interest at this level.
Blockchain News
🔹 3. Double-Bottom + Trendline Breakout
Analysts have identified a classic double-bottom formation, with price clearing the neckline (~$0.230–$0.231) and then retesting it successfully. Holding this retest confirms a breakout, suggesting more upside ahead.
Crypto Basic
🔹 4. Whale Activity & Accumulation
On-chain data shows $250 million in Dogecoin accumulation by whales, especially around the support zone—creating a structural demand base and reinforcing the bullish setup.
CoinCentral
🎯 Price Targets & Key Levels
Scenario Levels Rationale
Bullish continuation $0.239–$0.241 union resistance First resistance zone—price must reclaim to continue bullish momentum
$0.260–$0.280 Reclaiming $0.241 could open room toward mid‑channel resistance or prior highs
$0.300+ Potential target if momentum sustains and broader breakout occurs
Bearish invalidation $0.223 support Invalid break below suggests fading momentum—risk of correction to $0.215–$0.218
$0.215–$0.218 Secondary support zone if expansion of sell side continues
⚙️ Trade Setup for a Bullish Bias
Entry Focus: Consider entering long near $0.223 if price retests and holds, with a tight stop just below support.
Stop-Loss Zone: Slightly beneath $0.221 to account for volatility.
Targets: Scale out around $0.241, with larger targets at $0.260–$0.280, and possibly $0.30+ on sustained strength.
Confirmation: Watch for rising volume, break and close above resistance zones, and bullish indicator alignment.
⚡ Market Sentiment & Broader Themes
Momentum Shift: A bearish retrace reversed quickly amid accumulation, suggesting strong buyer commitment.
CryptoRank
The Tradable
AInvest
Double Bottom Status: Analyst commentary supports a reversal setup, with targets toward $0.310–$0.46 if the neckline holds.
Crypto Basic
AInvest
CryptoRank
Macro View: DOGE remains within a bullish channel; some forecasts project
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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.
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
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.