๐ถ ๐๐ข๐๐๐๐ข๐๐ก ๐ง๐๐ฆ๐ง๐ฆ ๐ง๐ฅ๐๐ก๐๐๐๐ก๐ ๐๐ข๐๐ $๐ฌ.๐ญ๐ฒ & ๐๐จ๐๐๐ฆ ๐ ๐๐ฌ ๐ฅ๐จ๐ก ๐ง๐ข $๐ฌ.๐ฎ๐ฐ
๐ Price: $0.172
๐ Key Support: $0.16
๐ฏ Next Targets: $0.18 โ $0.24
๐ Breakdown Risk Below: $0.16
๐ง Whatโs Happening with DOGE?
Dogecoin is flashing early bullish signals after breaking out of its sideways range. For weeks, it has bounced from the $0.14โ$0.15 zone, building a strong base of support.
According to top analyst Ali Martinez, DOGE is still respecting a long-term ascending trendline from late 2023 โ and holding this line could open doors to a new breakout.
๐ Simplified Technical Picture
๐น Support at $0.16 is the key to keeping bulls in control
๐น Fibonacci levels between $0.20 and $0.24 align with DOGEโs breakout targets
๐น Momentum is shifting positive, as price returns to prior highs
๐น A move above $0.18 would likely confirm trend continuation toward $0.24
๐ If DOGE stays above $0.16, traders could target $0.24 โ aligning with the 0.5โ0.618 Fibonacci resistance band, often used to track healthy bullish retracements.
โ ๏ธ What Traders Should Watch
โ If bullish: Look for confirmation above $0.18 with volume โ this could accelerate upside to $0.24
โ If bearish: A close below $0.16 on high volume would weaken the setup and may trigger a return to $0.14