This chart provides an updated technical outlook on Dogecoin (DOGE) against USDT on the daily timeframe, showcasing a significant shift in market structure. After months of descending price action, DOGE has successfully broken out of its long-standing downtrend, reclaiming momentum with a clean breakout above the resistance trendline.
The highlighted green zone reflects a strong accumulation base near the $0.13–$0.14 range, which held as critical support during the recent consolidation phase. The breakout above this structure, accompanied by a subtle increase in volume, suggests renewed buying interest and a potential trend reversal.
The yellow zone outlines two bullish targets:
Lower Timeframe (LTF) Upside: $0.21 – $0.26 – $0.30
Higher Timeframe (HTF) Upside: $0.35 – $0.40 – $0.50
These levels correspond to Fibonacci retracement zones and past resistance points, providing likely profit-taking zones for traders.
However, the bullish thesis remains valid only as long as the price holds above $0.13 on a daily closing basis. A close below that level would invalidate the breakout and reintroduce bearish risk.
Overall, DOGE is showing promising bullish potential with well-defined targets, making it a chart to watch closely for further upside in the coming weeks
The highlighted green zone reflects a strong accumulation base near the $0.13–$0.14 range, which held as critical support during the recent consolidation phase. The breakout above this structure, accompanied by a subtle increase in volume, suggests renewed buying interest and a potential trend reversal.
The yellow zone outlines two bullish targets:
Lower Timeframe (LTF) Upside: $0.21 – $0.26 – $0.30
Higher Timeframe (HTF) Upside: $0.35 – $0.40 – $0.50
These levels correspond to Fibonacci retracement zones and past resistance points, providing likely profit-taking zones for traders.
However, the bullish thesis remains valid only as long as the price holds above $0.13 on a daily closing basis. A close below that level would invalidate the breakout and reintroduce bearish risk.
Overall, DOGE is showing promising bullish potential with well-defined targets, making it a chart to watch closely for further upside in the coming weeks
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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.