Dogecoin is trading inside a descending channel 📉 while forming a Double Bottom at a strong support zone! This setup could trigger a bullish move if DOGE breaks above key resistance levels.
📊 Technical Breakdown:
🔹 Pattern: Double Bottom forming inside a descending channel 📉➡️📈 🔹 Support Zone: $0.142 - $0.154 ✅ (Strong demand area) 🔹 Resistance Levels: 🔸 $0.161 – First breakout confirmation 🚀 🔸 $0.176 – Key resistance for further upside 🔸 $0.195 – Ultimate bullish target 🎯 🔹 EMA Resistance: Price is still under EMA, so a clean breakout is needed for confirmation!
📌 Bullish Case: If DOGE breaks out of the descending channel and clears $0.161, we could see a move toward $0.176 - $0.195 📈 📌 Bearish Case: If DOGE fails to hold support, a drop below $0.142 could lead to further downside.
📊 Volume is increasing, and a breakout seems near!
👀 Are you entering this trade or waiting for confirmation? Let’s discuss below! ⬇️ #DOGE #Crypto #Trading #Altcoins #BinanceAlphaAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
