DOGEUSD Retests $0.26 Support: Bullish Continuation Ahead
DOGE/USD shows a robust bullish structure as the price consistently trades above the EMA Ribbon , which remains aligned to the upside. The market structure confirms two consecutive bullish break-of-structure ( BOS ) levels, further solidifying the current uptrend.
After breaking through the resistance at $0.26, the price has successfully retested this level, which now acts as support. As long as the price holds above this area, the bullish momentum is expected to continue, targeting the next key level at $0.56.
However, caution is advised. A daily close below the $0.22 level would invalidate the bullish scenario, indicating a potential shift in momentum and opening the door for a bearish move.
With the current setup, all eyes are on whether DOGE/USD will maintain its support and move toward the next target, or if it will fail to hold its levels.
👨🏻💻💭 What’s your take on this bullish structure? Share your thoughts below!
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