DOGE Looking Strong as Support HoldsDOGE 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.
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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.
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🔹 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.
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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
