Analysis of Currency $DOGE
Targets:
Target 1: $0.295
A short-term resistance area representing a recent local peak; any breakout above it enhances the likelihood of the uptrend continuing.
Target 2: $0.325
A major resistance that formed earlier during the May rise, and the price may temporarily slow down at this level.
Target 3: $0.355
An area of high volatility, often met with wide profit-taking from short-term traders.
🛡️ Support Zone:
$0.255 – $0.262
A strong support range that has kept the price stable in the last three corrective waves. Any break below it may open the door for a drop towards $0.24.
📌 Quick Note:
The price is forming a strong base above $0.26, and the RSI is still below overbought, keeping the room open for further upward movement.
DOGE retracements on the 4H frame often accelerate after each consolidation in this range.
