DOGUSDT has been trading in a rectangle since June 2024, with well-defined boundaries.After a downside deviation in March, it managed to reclaim the range and it's now attempting to break above $0.0040, a key S/R throughout its price history.
Key Levels to Watch
• $0.0018-$0.0020: Main demand zone
• $0.0040: Key S/R in place since May 2024
• $0.0058-$0.0060: Rectangle midline and previous S/R
• $0.0095-$0.0099: Main supply zone
• $0.0170: Measured rectangle target in case of a breakout
A successful daily close above $0.0040 should set the next target around ~$0.0060. Above that, there isn't much separating DOG from another retest of the main demand zone and ATH.
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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.