Key Supply Zone

Dogecoin has exhibited a downward movement upon encountering its established supply zone. However, the overarching trend remains bullish in the long-term perspective.
This bullish sentiment is underpinned by the cryptocurrency's break above its persistent long-term and weekly descending trend lines, which has catalyzed its upward trajectory.
A consequential formation of a demand zone has exerted upward pressure on its value. Presently, Dogecoin is positioned near a robust long-term supply zone.
The interaction with this zone warrants close observation for potential price retracements towards the established demand zone and the corresponding support level.
The credibility of these zones is significant, suggesting that post-validation of these key areas, strategic entry points for trading can be considered.

This analysis is for informational purposes only and should not be considered as financial advice.