After a 25.3% crash in the past month, Dogecoin finally welcomes an epic reversal signal! The four-hour candlestick chart shows a 'golden cross', with the $0.165 support level strongly reclaimed, and the bulls have sounded the counterattack horn! The $0.167 resistance level has become a paper tiger. Once broken, DOGE will enter a frenzy mode with targets aiming at $0.171 → $0.176 → $0.183!
Dogecoin is currently trading in a narrow range between $0.16167 and $0.16767, with volatility compressed to 3.7%, which is the calm before the storm! The RSI is at 39.04, nearing oversold status but still in the neutral zone, indicating that despite the generally bearish momentum, there remains a possibility for a short-term relief rebound.
DOGE is closer to oversold levels than during the previous consolidation phase. Historically, when combined with an expansion in trading volume, tactical rebounds occur.
Technical nuclear explosion level good news:
On-chain data reveals shocking secrets:
Whales are wildly bottom-fishing between $0.142 and $0.16. On-chain indicators, especially the 30-day MVRV, suggest that a potential bottom may have already appeared. If the support level can be maintained, a price rebound may be imminent.
The weekly double bottom pattern is perfectly constructed.
The weekly chart shows a potential double bottom support formation. Breaking through the 21-day moving average at $0.20 may trigger strong upward momentum, and breaking through $0.20 could ignite a historical surge of 260%!
Daily symmetrical triangle breakout is imminent.
Daily symmetrical triangle breakout is imminent, the 'cup and handle pattern' suggests a future target of $2.85!
Dogecoin is at a critical moment, with the RSI approaching the oversold area, combined with a brief but noticeable accumulation by whales, indicating that mature investors expect catalysts to drive the price up. If the support at $0.16 is lost, it could trigger a new round of bloodbath! However, if it breaks through $0.167, shorts will face an epic short squeeze!
The opportunity for wealth is right in front of you!
Now is the best time to position in DOGE! Either seize this once-in-a-lifetime surge opportunity or watch wealth freedom slip away! The craziest performance in the financial market is about to begin, are you ready?
