🚀 Dogecoin’s $1 Dream Back in Play, Is the Moonshot Next? 🌕
DOGE just pulled off a textbook bullish move. After months trapped in a downward channel since late 2024, it finally broke out in mid-July, a clear shift from heavy selling pressure to bullish expansion.
On July 21, price dipped back to retest the breakout zone right at the upper trendline. That retest held perfectly, showing the bulls are still firmly in control.
Support came in strong around the 0.61 Fib retracement, with a rebound from $0.188 on Aug 2 followed by 3 consecutive bullish 3-day candles, a sign that over-leveraged longs got flushed and the market is ready for a clean rally. 📈
From here, the roadmap is clear:
🔹 $0.32 → first key resistance (old December 2024 support)
🔹 $0.40 → the “extremely bullish” trigger level
🔹 Above $0.40 → $0.75+ and potentially the iconic $1
If momentum holds, breaking $0.40 could see DOGE not just revisit but surpass its $0.73 ATH.
Buckle up, the Doge rocket might be fueling for liftoff. 🚀