📊 DOGE/USDT Technical Analysis (1D Chart)
Currently, DOGE/USDT is trading around 0.235 USDT, showing signs of bullish momentum after a healthy consolidation.
🔹 Key Levels to Watch:
Lower Support/Accumulation Zone: 0.16 – 0.20 USDT
Immediate Resistance Zone: 0.28 – 0.35 USDT
Major Resistance Zone (Upper): 0.50 – 0.60 USDT
🔹 Market Structure:
Price has respected the lower support zone multiple times, indicating strong buying interest.
If DOGE continues its upward trajectory, a retest of the 0.28 – 0.35 USDT zone is highly probable.
Breaking above this resistance could open the doors toward 0.50+ USDT levels in the mid-term.
🔹 Trading Outlook:
📈 Bullish scenario: Holding above 0.20 and breaking 0.28 resistance may trigger a strong move toward 0.35 – 0.50.
📉 Bearish scenario: Failure to hold 0.20 support could drag DOGE back into accumulation levels.
⚠️ Note: This is not financial advice. Always manage your risk and do your own research before entering trades.
🔥 Summary: DOGE is consolidating within a strong support zone and is preparing for a possible breakout. Keep an eye on the 0.28 resistance – a decisive break could fuel the next bullish rally.
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Best of luck 🍀 🤞 🍀
