Current Price: $0.1479
Timeframe: 1W (Weekly)
Exchange: Binance
📍 Key Technical Levels (Potential Upside Targets):
Target 1: $0.31787
Target 2: $0.39315
Target 3: $0.46488
📉 Market Context:
Dogecoin has reached a strong historical support zone, previously tested multiple times (gray rectangle).
After an extended downtrend and heavy correction, a potential bullish reversal is forming.
This zone acted as a major accumulation range in the past.
🔄 What the Chart Suggests:
If support holds, a bounce from the current area could lead to 3-stage recovery toward the targets.
This looks like a potential double bottom or accumulation structure.
First confirmation would come with a bullish weekly close above $0.16–$0.18 range.
🧠 Educational Takeaway (Beginner-Friendly):
Buying at support, not at hype tops, gives better risk-reward.
Spot traders should wait for confirmation, but this is the ideal “low risk, high reward” zone.
Weekly charts are slow — so don’t expect instant results, but the upside is strong if momentum builds.
⚠️ Final Notes:
No pattern is guaranteed, so use proper risk management.
Good setup for spot position with patience.
If support breaks (especially on weekly close), be cautious.