$DOGE /USDT
🔸 Dogecoin has firmly maintained key support near $0.20, rising 3.5% in a recent impulse that reflects significant buying interest at that level. Additionally, there are technical signals pointing to potential recovery, as the price action is within a historically relevant accumulation zone.
🔹 If it breaks and closes several candles above $0.217–$0.220 with solid volume, we could see:
🎯 $0.230–$0.235 as a short-term target.
🔄 Extended target: $0.310–$0.420, supported by technical analysis highlighting previous resistance zones as future price magnets.
⚠️ Warning: Although some technical indicators signal "strong buy," there are also risks if the $0.20 support gives way. Additionally, the current structure suggests potential drops towards $0.195 and even down to $0.15 if the lower liquidity zone is tested.
✅ Should I buy again now?
It may be wise to wait for consolidation above $0.20–$0.205 with clear support signals before re-entering long.
📌 Current recommendation:
Action Condition to do it Target Stop-loss
✅ Buy Only if it breaks and confirms above $0.217–$0.220 with solid volume $0.230–$0.235 $0.20
🔁 Wait If it holds above $0.20–$0.205 and shows clear technical support $0.230–$0.235 (→ $0.310–$0.420) $0.195
🎯 Extended target: $0.310–$0.420, with analyses like Ali Charts indicating that a double bottom pattern could catapult DOGE towards $0.42 in the short term.