💡 Quick technical analysis:
✅ A strong support area appears: DOGE has bounced off the bottom of 0.16834 almost twice, indicating a stable and strong support level.
✅ RSI is low and ready to bounce: The RSI is at 35.99, close to oversold areas – opening the door for a potential rise.
✅ MACD shows a positive crossover: A slight upward crossover may bring back buying momentum to the market in the coming hours.
✅ Average and stable trading volume: No volume explosions, indicating a quiet "accumulation" period that may precede a violent move.
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🚀 Expected scenario:
If DOGE can break the current resistance at 0.17155, the path will be open to test the level of 0.17465 (highest price in 24 hours).
In the case of a drop, the area of 0.1683 - 0.1680 will be a potential strong bounce zone.
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📊 Is a pattern forming?
🔍 The “triple bottom” pattern is clearly visible: The bottom has been tested at 0.16834 three times, with each bounce higher than the previous one – a strong signal for a bullish reversal pattern.
🔍 A "symmetrical triangle" pattern is forming: If the price continues to consolidate between the current levels, a break in either direction could trigger a strong movement.
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📈 Supportive signals from the indicators:
RSI is close to reversal zones → an opportunity for early entry before momentum begins.
MACD is positively crossing with the lines converging → upward momentum is beginning.
Stochastic RSI is in an ideal position for a bounce.
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💬 My personal opinion:
DOGE is at a critical and exciting moment – the repeated bounce from the same area, alongside positive momentum indicators, opens the door to a potential strong rise ahead.
However, the overall market and Bitcoin may play a role in confirming the trend, so be prepared for both scenarios.
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✅ Final advice:
Use a stop loss below 0.1679 to ensure risk management.
Follow market news and be ready to take advantage of any sudden moves.
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📢 Do you expect DOGE to break 0.175 again? Or is there another corrective wave coming? Share your predictions now!