📉 Current pattern: Double Bottom and Cup-and-Handle
Double Bottom — an indicator of a possible reversal after a prolonged decline. This pattern often indicates a turning point after which the price may start to rise. Approximately at the level of $0.20–$0.22 DOGE formed a double bottom.
Cup-and-Handle — if this pattern is confirmed, DOGE may attempt to break the level of $0.25–$0.27, aiming for $0.40 and above in the medium term.
📊 Key levels:
Resistance: $0.245–$0.250 — it is important for the price to stay above this level, otherwise a pullback may occur.
Support: $0.22–$0.23 — if the price breaks this level, further decline can be expected.
🔮 Forecast:
Nearest target: Break of $0.245 and rise to $0.30.
Risks: Breaking the support level of $0.22 may lead to a pullback to $0.19 and below.
At the current moment $DOGE
looks like a coin that is unlikely to fall sharply, but also do not expect aggressive rises without serious external catalysts (news or tweets from Musk).
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