š¹ Dogecoin ($DOGE ) āš¹
š Current Status:
Structure unchanged from last update, but short-term upside momentum visible
Tracking ABC move: Wave A ā Wave B ā Wave C (in 5 waves)
C-wave unfolding as an ending diagonal (subwaves likely corrective)
Bulls defended $0.22 exactly as projected support
š Key Levels to Watch:
Immediate Resistance: $0.242 ā Break confirms strength; $0.247 ā Strong breakout confirmation
First Target Zone for Wave 5 of A: $0.251 ā $0.272 (Fibonacci 50%ā78.6% extension range)
Major C-wave Target Zone: $0.38 ā $0.58
Swing High Resistance: $0.286 (from previous rally)
Support:
Primary: $0.22 (wave 2 low)
Secondary: $0.215 and $0.199 (if deeper pullback/B-wave develops)
š Scenarios:
Bullish Path: Hold $0.22 ā Break $0.247 ā Target $0.251ā$0.272 ā Progress toward $0.38ā$0.58
Pullback Path: Drop below $0.22 ā Watch $0.215 and $0.199 as reload zones before next wave up
Pattern Note: Possible inverse head-and-shoulders forming ā breakout above $0.247 could accelerate rally
š” Market Takeaway:
DOGE is holding critical support at $0.22, aligning with the bullish scenario toward $0.38ā$0.58 in the bigger C-wave. Short-term confirmation comes with a break above $0.247, opening the way for the next rally leg.
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