The DOGEUSDT is breaking through the old downtrend channel after making a false break of the local rising support line. On the chart, I have indicated the estimated potential for price movement.
The price is trading above the global downtrend, earlier, after the breakdown a pullback was formed and the price confirmed the break of the trend, after which it moved into an upward momentum phase and tested the resistance level of 0.0711
I assume, as the chart shows that the price is fixing in the long zone, inside the ascending price channel, then from the support zone the price can make a rise. The short-term target is the resistance at 0.0711, the medium-term target is the liquidity zone at 0.0759
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.