Current Price: $0.1772
Trend: Short-term uptrend supported by an ascending trendline.
Support Zone: $0.1600 – $0.1660 (marked in red).
Resistance Zone: $0.1880 – $0.1920 (marked in green).
Scenarios:
Bullish Case:
If DOGE breaks and closes above the resistance zone, continuation towards the next target at $0.2100 is likely.
Watch for a strong candle breakout with volume above resistance for confirmation.
Bearish Case:
If DOGE fails to hold the trendline and breaks below it, price may retrace back to the support zone around $0.1600.
A confirmed breakdown below support could open room for deeper correction.
Summary:
DOGE is trading between key support and resistance. A breakout above $0.1900 could trigger bullish momentum toward $0.21, while a breakdown below $0.1700 may lead to a retest of $0.16. Traders should wait for confirmation before entering positions.
Trend: Short-term uptrend supported by an ascending trendline.
Support Zone: $0.1600 – $0.1660 (marked in red).
Resistance Zone: $0.1880 – $0.1920 (marked in green).
Scenarios:
Bullish Case:
If DOGE breaks and closes above the resistance zone, continuation towards the next target at $0.2100 is likely.
Watch for a strong candle breakout with volume above resistance for confirmation.
Bearish Case:
If DOGE fails to hold the trendline and breaks below it, price may retrace back to the support zone around $0.1600.
A confirmed breakdown below support could open room for deeper correction.
Summary:
DOGE is trading between key support and resistance. A breakout above $0.1900 could trigger bullish momentum toward $0.21, while a breakdown below $0.1700 may lead to a retest of $0.16. Traders should wait for confirmation before entering positions.
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.
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.