DOGEUSDT has finally broken free from its long-term descending channel, signaling a potential trend reversal after months of consolidation. What makes this move significant is the current retest of the previous local breakout level. A classic bullish setup that often leads to strong upward continuation if the retest holds.
The price action is also showing early signs of strength, forming a series of higher highs, which further confirms the bullish structure. This technical development, combined with DOGE’s passionate fanbase and historical tendency to pump hard when momentum kicks in, could make this a high-potential setup.
As always, proper risk management is key. While the chart looks promising, it’s crucial to place a stop loss to protect against invalidation. If the support holds, DOGE could be preparing for a big move — possibly one of those signature rallies that only DOGE knows how to deliver.
DOGEUSDT Currently trading at $0.181
Buy level : Above $0.17
Stop loss : Below $0.141
Target : $0.435
Max leverage 3x
Always keep stop loss
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