The daily formations on Doge may actually be interesting here.
- We can see the middle of the bollinger band has historically provided support.
- There seems to be strong support forming at the 0.618 FIB currently
- If the current triangle formation (very visible on the hourly and 15 mins charts) breaks to the upside we could be looking at a bullish pennant forming, which would have a test and fail in the .54 range, then potentially back up to a conservative .62 and potentially onwards (if the uptrend and bollinger support holds as previously) to the .80 cent range. I believe if this happens it will produce a strong sentiment rally and may even go higher.
- If the triangle breaks to upside, a possible good entry is around the .49 range either on the breakout, aggressive, or on the probable retest of the same level a bit later.
- On the other hand, if the triangle busts to the downside, I do think it could go as low as .275 or so.