DogeCoin Breakdown Below Pivot Line with Targeting Demand Zone
Dogecoin Price Analysis: Potential Breakdown Below Pivot Line with Targeting Demand Zone
Given the lower highs and recent price action, the price seems to be following a descending channel with a potential for further downward movement.
The price will try to touch the Demand Zone (0.2130) if can close 4h candle below the pivot line which is 0.2654
Short-term correction might occur, potentially bouncing off the support zones, but a breakout below the pivot line could confirm further downside.
Next Movement:
If the price holds below the pivot line (0.2654), it could reach 0.2130. A break of that level could send the price toward the demand zone at 0.1774.
It’s important to keep an eye on any reversals or retracements that might occur at these pivot levels.
Key levels
Pivot Line: 0.2713
Resistance Lines: 0.3093, 0.3505, 0.4150
Support Lines: 0.2130, 0.1774, 0.1465
Given the lower highs and recent price action, the price seems to be following a descending channel with a potential for further downward movement.
The price will try to touch the Demand Zone (0.2130) if can close 4h candle below the pivot line which is 0.2654
Short-term correction might occur, potentially bouncing off the support zones, but a breakout below the pivot line could confirm further downside.
Next Movement:
If the price holds below the pivot line (0.2654), it could reach 0.2130. A break of that level could send the price toward the demand zone at 0.1774.
It’s important to keep an eye on any reversals or retracements that might occur at these pivot levels.
Key levels
Pivot Line: 0.2713
Resistance Lines: 0.3093, 0.3505, 0.4150
Support Lines: 0.2130, 0.1774, 0.1465
Trade active
Dogecoin (DOGE) Update Technical Analysis – February 20, 2025
The price is currently trading at $0.2551, showing a slight +0.31% increase. DOGE is still consolidating around the pivot zone ($0.2662) and struggling to break above it, indicating a potential bearish continuation.
Key Technical Levels:
Pivot Line: $0.2662
Resistance Zone: $0.3111 - $0.3200
Support Line: $0.2043
Major Support Zone: $0.1774
Market Direction:
Bearish Bias: As long as the price remains below the pivot $0.2662, DOGE is likely to drop further.
Support Retest: If the price fails to break above the pivot zone, it is expected to continue downward toward $0.2043, with an extended target at $0.1774.
Upside Scenario: A strong breakout and stability above $0.2662 could invalidate the bearish scenario and open the door for a move toward $0.31.
Trading Outlook:
Bearish Bias Below $0.2662: If price action remains weak, expect a move toward $0.2043.
Bullish Confirmation Needed: A daily close above $0.27 would indicate renewed bullish momentum.
Final Thought:
DOGE is still in a downtrend, with selling pressure dominating below the pivot zone. The next critical movement will depend on whether the price can hold above support or continue its bearish trajectory toward $0.2043 - $0.1774.
Trade closed: target reached
Dogecoin Update – Major Breakdown Hits Target 🎯
Dogecoin has continued its strong bearish momentum, dropping 26.30% since our last analysis and precisely touching our target zone twice. The price confirmed the breakdown below the pivot line (0.2662) and is now approaching the support zone (0.2043 - 0.1774).
🔻 Bearish Scenario:
A 4H close below 0.2043 will confirm further downside toward 0.1774, where stronger demand is expected.
Continuation of selling pressure could push DOGE toward deeper liquidity zones.
🔹 Bullish Reversal Possibility:
If the price rebounds from 0.2043 and stabilizes above 0.2260, a temporary correction could occur toward 0.2450 - 0.2662.
📍 Key Levels to Watch:
🔸 Resistance: 0.2260 | 0.2450 | 0.2662
🔸 Support: 0.1774 | 0.1478
⚠️ Directional Bias:
The bearish trend remains in play below 0.2043, but a short-term retracement is possible before continuation.
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Related publications
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.
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Related publications
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.