๐ *LONG: #DOGEUSDT | DOGE | 1W*
Dogecoin (DOGE) is *flashing signs of a bullish setup* on the weekly chart and may be gearing up for a breakout ๐๐ถ
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๐ *Current Price:* 0.16478
*Setup:* Strong *support zone retest* + consolidation near trendline = possible breakout brewing ๐ฅ
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๐ *Why DOGE Looks Bullish*
- *Price Compression:* DOGE has been forming higher lows, indicating buyer pressure building โณ
- *Weekly Support:* Holding above a long-term support zone (around0.155โ0.16) shows strength ๐ช
- *Volume:* Low-volume dips + slight uptick = whales possibly accumulating quietly ๐
- *MACD RSI:* Weekly MACD flipping bullish + RSI neutral but rising = momentum shift incoming ๐
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๐ฏ *Targets After Breakout*
1๏ธโฃ0.2000 โ Psychological & structural resistance
2๏ธโฃ 0.2400 โ Key 2021 zone and fib resistance
3๏ธโฃ0.3050 โ Previous bull cycle support-turned-resistance
4๏ธโฃ 0.40+ possible if bull market accelerates ๐ฅ๐
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โ ๏ธ *Key Levels to Watch*
- *Breakout Confirmation:* Weekly close above0.17โ0.175 with volume
- *Invalidation:* Close below0.155 = exit or reassess stop-loss โ
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๐ง *Deep Take*
DOGE often lags BTC and ETH but *catches up explosively* during meme rallies. If the broader altcoin market heats up โ especially meme coins โ DOGE could reclaim its spotlight ๐๐
This is a *classic โaccumulate before hypeโ zone*. Early positioning here could yield strong returns with low downside risk if managed properly.