๐๐ข๐๐ ๐ฆ๐ต๐ผ๐๐ ๐๐ฎ๐บ๐บ๐ฒ๐ฟ ๐ฆ๐ถ๐ด๐ป๐ฎ๐น ๐ช๐ต๐ฎ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ก๐ฒ๐ฒ๐ฑ ๐ง๐ผ ๐ช๐ฎ๐๐ฐ๐ต ๐ก๐ฒ๐ ๐?
โ DOGE forms a bullish hammer candle this often shows buyers stepped in strongly after sellers pushed price lower which is shared on X by crypto anylayst Trader Tardigrade.
At the moment, DOGE trades around $0.20935, holding above the key $0.19 support.
๐ Big picture:
DOGE has been moving inside a huge broadening wedge pattern for about 600 days.
Each time price bounces from the lower band of this wedge, it often makes a strong move up.
๐ Next targets traders watch:
โข Short-term: $0.25
โข Big psychological level: $1.00 if wedge breakout happens with volume
๐ Why traders are watching closely:
โข Daily volume jumped to $5.8 billion โ sign of active trading
โข Open interest in futures rose to $2.85 million shows many traders are opening positions
โข Funding rate is positive (+0.0151%) โ buyers are paying extra to keep long positions open
These signs mean the market has bullish pressure โ but watch carefully.
โ ๏ธ Key points to remember:
โ Holding above $0.19 keeps bullish momentum alive
โ If DOGE pushes above $0.25 with strong volume, next stop could be much higher
โ If price drops below $0.19 on daily close, bullish setup could fail and momentum may fade
๐ In simple words:
DOGE printed a bullish signal at strong support
Volume and trader activity show rising interest
As long as price stays above $0.19, bulls stay in control
Break above $0.25 = next big move
