$DOGE NEARS LOCAL HIGH – WILL THE MEME KING BREAK FREE OR PAUSE HERE?
DOGE/USDT is currently trading at $0.22936, climbing steadily after reclaiming momentum from a low of $0.21374. Price action is now pressing into a tight consolidation band near the 24h high, with buyers showing early signs of accumulation. A breakout could spark renewed momentum—if volume follows through.
Key Technical Zones
Immediate Resistance:
• $0.22990 – A clean breakout here could lead to a surge toward $0.23600 and $0.24400.
Short-Term Support:
• $0.22600 – Holding above this base is critical to avoid downside pressure toward $0.22250 and $0.21700.
Trade Setup – Momentum Building at the Top
Bullish Bias
• Entry Trigger: Above $0.22990 (confirmed breakout)
• Target 1 (TP1): $0.23600
• Target 2 (TP2): $0.24400
• Stop-Loss: Below $0.22500
Bearish Bias
• Entry Trigger: Below $0.22600 (confirmed rejection)
• Target 1 (TP1): $0.22250
• Target 2 (TP2): $0.21700
• Stop-Loss: Above $0.23000