DogeCoin/USD : Struggling to Hit 0.24002 key levelDogecoin continues to impress with a strong bullish breakout, surging above key resistance levels and sustaining an upward channel. With a recent high of $0.24002, the meme coin is signaling strong momentum as buyers dominate the market.
Updated Setup Strategy
The chart showcases a well-respected *uptrend channel*, supported by three pivot levels (S1, S2, S3), acting as solid stepping stones for price continuation. The price remains above the uptrend line, indicating that bullish strength is intact.
As long as price trades above the channel support and pivots, *buy-on-dips* could be a favorable strategy. A continuation towards higher highs is anticipated if no major resistance halts the current momentum.
Targets
Immediate Bullish Target: $0.24002 (already touched)
Next Psychological Target: $0.25000 and beyond (if momentum holds)
Support Levels:
* S1: Mid-channel pivot
* S2: Lower pivot on uptrend channel
* S3: Base pivot near breakout level
* Major Support:** \$0.21047
These support levels must hold to keep the bullish structure valid.
Final Thought
The *bullish trend in Dogecoin* is well-structured, and with the market sentiment leaning positive, there's potential for further upside. However, watch for any rejection near psychological zones like \$0.25000. Maintain proper risk management and trail stops to protect profits during this rally.
