DOGE 1D ANALYSIS

TECHNICAL LEVELS

🔻 SUPPORTS:

0.17005: Currently testing horizontal support (important threshold area).

0.14292 – 0.14282: Potential downside target. Identified as the main bounce point on the chart.

🔺 RESISTANCES:

Around 0.20: Important short-term resistance.

0.25758: Previous peak level and resistance area.

0.29341: Looks like a Fibonacci or horizontal resistance level.

0.35327: Main target area (marked as "major target" on the chart).

FORMATIONS and STRUCTURES

🔸 Ascending Trend Line (About to Break):

The ascending trend support line shown with a yellow dashed line is being tested.

If it breaks, there is potential for a drop to 0.14292.

🔸 Potential "Higher Low" Scenario:

If the price creates a new low above the March-April bottom, this could be a higher low (bullish structure).

In this case, the market may transition back to a bullish structure.

PROBABILITY SCENARIOS

📉 1. Bear Scenario (Downward Break):

If the 0.17 support breaks → a drop is expected down to 0.14292.

An immediate reaction may occur after "liquidity gathering / drop trap" in this area.

📈 2. Bull Scenario (Bounce and Trend Reversal):

Strong upward reversal from 0.14292 → if broken at 0.20, the targets can be 0.25758, then 0.29341 and 0.35327.

Such rapid increases usually occur with short squeeze + momentum traders' purchases.

THINGS TO NOTE

This scenario only works if supported by volume. Breakouts without volume can be fake-outs.

The overall trend of BTC and ETH directly affects DOGE. You should also follow them in parallel.

Especially around 0.14, a "stop hunt" may occur. Pay attention to this area in positions.