$DOGE /USDT 4H Chart Analysis 🚀
DOGE is sitting at 0.23950 after a 15.09% surge, though the latest 4H candle dropped 4.44% (-0.01112).
Here’s the breakdown:
Uptrend: DOGE broke out from 0.16000–0.18000 around May 5th, hitting a high of 0.2597 a strong 56.41% gain in 7 days! 🔥
Pullback: The recent dip suggests profit-taking after the rally. Still, price is above key support at 0.22000.
Volume: Spiked during the breakout but tapered off slightly watch for a volume increase to confirm the next move.
Key Levels:
Support: 0.20000–0.22000 🛡️
Resistance: 0.25970, then 0.28000–0.30000 🚫
Scenarios:
Bullish: Hold above 0.22000, break 0.25970 → target 0.28000–0.30000.
Pullback: Test 0.20000–0.22000, hold for another leg up.
Bearish: Break below 0.20000 → 0.18000 possible.
DOGE sentiment remains bullish (65.60% up YTD), but the rally looks overbought. Keep an eye on volume and support! 👀
