SasanSeifi| Dogecoin on the Rise?
Updated
Hey there, ✌ In the daily timeframe, Dogecoin 
DOGEUSDT has entered a ranging phase following a lengthy downtrend, effectively maintaining the vital support level at 0.90 cents. As depicted in the chart, the downtrend line has been decisively broken, with the price currently trading around 0.11300. This shift may signal a potential reversal in market sentiment.
🔶If Dogecoin manages to maintain the crucial range between 0.10000 and 0.096, it is expected to target short-term goals of 0.12500 and subsequently aim for the 0.14 to 0.15 cent range. These levels are pivotal for reinforcing a bullish trend.
🔵As the price progresses, it’s crucial to observe Dogecoin’s reaction around the 0.12500 level and the liquidity zone at 0.14. The expected trend is outlined in the chart, and the overall outlook currently leans bullish. Nevertheless, vigilance regarding market volatility remains essential.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
DOGEUSDT has entered a ranging phase following a lengthy downtrend, effectively maintaining the vital support level at 0.90 cents. As depicted in the chart, the downtrend line has been decisively broken, with the price currently trading around 0.11300. This shift may signal a potential reversal in market sentiment.🔶If Dogecoin manages to maintain the crucial range between 0.10000 and 0.096, it is expected to target short-term goals of 0.12500 and subsequently aim for the 0.14 to 0.15 cent range. These levels are pivotal for reinforcing a bullish trend.
🔵As the price progresses, it’s crucial to observe Dogecoin’s reaction around the 0.12500 level and the liquidity zone at 0.14. The expected trend is outlined in the chart, and the overall outlook currently leans bullish. Nevertheless, vigilance regarding market volatility remains essential.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Trade active
Dogecoin has seen an increase in demand, allowing its price to rise nearly 11% and reach the first target of $0.12500. It’s showing promising movement.🍻🚀🤑
Trade active
✅🚀 UPDATE
😎Dogecoin followed the outlined scenario and achieved the first target with an approximate 19% gain. After a slight correction and a pullback, and with the support level at 0.10 cents holding strong, it saw another impressive growth of around 299%. The price is currently moving towards the next targets in the 0.14 - 0.15 cent range.💰✌️
Note
UPDATE
🚀29%
Trade closed: target reached
Dogecoin’s Exciting Moves and Target Hits: What’s Next?
As predicted, Dogecoin's price successfully reached the first target of $0.12500 and then extended to the $0.13 range, marking a nearly 19.50% increase. After hitting this initial target, the price retraced back to the support range of $0.10 – $0.096. It was highlighted that these support levels hold significant importance in the daily timeframe, as breaking below them and stabilizing could indicate a potential for further price correction. If that happens, there’s a possibility of a price drop to the $0.80 to $0.60 range, which might invalidate the anticipated upward scenario.
As observed, with the support level at $0.10 holding strong, Dogecoin managed to resume its upward momentum, this time reaching the $0.15 target and experiencing an impressive 46% growth. Currently, the price has hit a resistance level and is showing a negative reaction, trading around the $0.13800 range.
If a correction occurs, it's expected that the price may decrease to the $0.12500 – $0.12 range. In such scenarios, monitoring Dogecoin's reaction to these support levels is crucial for a more precise assessment of its future movements. After a period of price consolidation and gaining necessary confirmations, we might see positive fluctuations and further upward movements in Dogecoin's price again. Additionally, if the resistance breaks, there could be a risk of a deeper correction.
Trade closed: target reached
A new analysis will be posted soon, and this one progressed as expected.
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