[UPDATE DOGEUSDT – May 21, 2025 | Current]
Last price: 0.22695 USDT
DOGE is currently testing a crucial breakout zone after successfully rising from strong support around 0.218xx. This morning's movement is quite aggressive and could determine the next direction.
Bullish Scenario:
If the price can hold & close above 0.2270, the potential for a rally will open to:
Target 1: 0.22880
Target 2: 0.23070 (24-hour resistance)
The current structure indicates the formation of a higher low & buying pressure is strengthening.
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Bearish Scenario:
If there is a rejection in the area of 0.227xx–0.228xx and the next candle forms a long upper shadow:
Potential correction back to the zone:
0.22500
Down to 0.22400 if selling pressure increases.
Seller dominance still appears thin in the order book (53%).
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DOGE is in a key zone. Further breakout will confirm the potential for continued upward movement. However, failing to hold could trigger a short-term correction.
Monitor the 1-hour candle ahead for direction confirmation.
Prepare entry strategies according to the scenario that occurs.
DYOR !!!