*🐶 Dogecoin Dips, But Bulls Still in Control? Let’s Break It Down! 📉📈*
After peaking at *0.20672*,DOGE has pulled back to around *0.19294*, marking a **2.62—
🔍 Technical Snapshot
- *Trend Structure*: The uptrend remains intact on the 4H chart, indicating potential for further gains.
- *Volume Momentum*: Trading volume is steady, with a balanced momentum (49
- *Support Resistance*:
- *Support*: Strong support is observed around *0.185–0.190*, providing a safety net for bulls.
- *Resistance*: Immediate resistance lies at *0.1985*; a breakout above this could signal a 25% rally. [1]
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📈 Trending Signals
- *Bullish Patterns*: A *bull flag* pattern is forming, often indicating a continuation of the upward trend. [2]
- *Elliott Wave Analysis*: Suggests the completion of a corrective phase, with the potential start of a new upward wave. [3]
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🎯 Price Targets
- *Short-Term*: If DOGE breaks above *0.1985*, the next target is *0.25*. [4]
- *Mid-Term*: Sustained momentum could push prices towards *0.30–0.35* in the coming weeks.
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🧠 Final Thoughts
: WhileDOGE has experienced a slight pullback, the overall technical indicators suggest that the bullish trend is still in play. Traders should watch for a breakout above *$0.1985* as a potential signal for further gains. However, always exercise caution and set appropriate stop-loss levels to manage risk.
*Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions.
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