$DOGE /USDT Price Analysis – A Potential Breakout or Consolidation🤔💥
Current Price: $0.2251
Timeframe Analyzed: 15min / 1H / 1D
Trend Bias: Bullish but stalling near resistance
Technical Breakdown📉
1H Timeframe Insights:🧾
Price faced clear rejection near $0.228–0.230, which is a visible supply zone (red block).
Despite strong prior impulsive move, price is struggling to hold above EMA cluster (21/50/100).
A minor CHOCH is visible at $0.2255, followed by quick re-absorption.
Stochastic RSI is cooling down from the overbought zone, currently near 76.4 and 87.6.
Daily Structure:📊📉
$DOGE is holding above the 21EMA and 50EMA, signaling mid-term bullish structure.
Key support zone: $0.217–$0.220 (previous demand).
Resistance: $0.230–$0.238 is still active and has yet to be convincingly broken.
15min Chart Summary:📊
Price showing choppy behavior just below resistance.
Possible equal highs formed – may lead to liquidity grab breakout.
Immediate support sits at $0.2240 – if broken, eyes on $0.221–$0.219.
Trade Strategy Plan👨🏫
Bias: Cautiously Bullish
Entry Zone (Scalp): $0.2210–$0.2220✅
Target 1 (T1): $0.2285🎯
Target 2 (T2): $0.233🎯
Stoploss: Below $0.2195☣️
Trade Duration: 6–18 Hours (Scalp-to-Intraday)⌛
Why Bullish?🤔💥
Still trading above key daily EMAs.
Strong impulsive wave on 1H suggests momentum isn't dead yet.
Volume remains healthy on the breakout candles.
Takeaway:🧑🏫
If $DOGE can reclaim and close above $0.230 with strong volume, a breakout to $0.238–$0.245 is likely. But failure to hold $0.224 will drag it back to mid-range demand.
👨❤️👨"Patience is a trader’s sharpest edge – wait for the breakout or breakdown, don’t guess it."
Disclaimer:⚠️
This is not financial advice. Do your own research before trading.
