$DOGE forms a classic ascending bowl pattern 🥣 — a rounded bottom reflecting a gradual build-up of momentum.
The price is consolidating between 0.232 and 0.247, while the markets await a potential breakout above 0.27
📈 The RSI indicator is steadily rising 🎯
, and the MACD is crossing upwards 💥 — technical signals supporting the resumption of the upward trend 🧠
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On-chain behavior
🔥 Trading volume is gradually increasing 🟢📈, driven by the accumulation of whales who bought over a billion DOGE during recent sessions 💼🐋
📉 Exchange balances are declining, indicating a transfer of DOGE to cold wallets 🔐👛 — a classic pattern preceding a breakout
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Sentiment and general context
📢 Social sentiment is on the rise 📱📈 — the community is rebuilding its confidence, and memes are making a strong comeback, boosting momentum
⏳ If resistance at 0.27 is broken consistently, we may see a surge towards 0.30 then 0.308 in the coming weeks 🚀🔓
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Warning and guidance
⚠️ Despite the momentum, the risk of profit-taking remains with over 38% of the supply in profit 💰
Risk management at this stage is essential — do not chase green candles without a plan 🧠💎
⚠️ This is not financial advice — always do your own research 🧠📚
📢 Follow channel #CryptoEmad for more analyses and real-time updates 💬📡