DOGE appears bearish long-term (Dec 2024 ATH: $0.48), but recent price action reveals bullish divergence.
🔑 Key Observations:
1️⃣ April 2025 "Weak Support" ($0.15):
Low-volume consolidation → weak seller commitment.
Swift breakout confirms this was a liquidity grab by bulls.
2️⃣ Bullish Momentum Acceleration:
Minor resistance at $0.25 breached with 24% above-average volume (July 15).
RSI rising from neutral (58) → room for upside.
3️⃣ Declining Seller Liquidity:
Order book depth: Buy support at $0.23 is 3x stronger than sell pressure at $0.26.
Funding rates neutral → no overheated long squeeze risk.
🎯 Forward Outlook:
Short-term: Pullback to $0.27-$0.28 (liquidity sweep) likely before continuation.
Targets: $0.45 (pre-2024 resistance) → $0.50 (psychological level).
❗ Risk Management:
Invalidation: Daily close below $0.22.
Position Entry: Limit orders near $0.28 with 2:1 R/R.
📊 Chart Annotations:
Green zone: Optimal buy area ($0.27-$0.28)
Red line: Key invalidation ($0.22)
Blue arrow: Projected path
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