This is a follow-up from my previous idea, but now on the 1H timeframe for a closer perspective. DOGE is currently hovering around the 0.5 Fibonacci retracement ($0.2149), and the price action is tightening between key support and resistance levels.
Here’s what I’m watching:
✅ A bounce from the 0.5 FIB ($0.2149) could send price back up to test the December 2024 diagonal resistance.
❌ A break below this level may open the way to the 0.618 ($0.1982) and 0.65 ($0.1936) supports, where buyers could step in again.
🚀 On the bullish side, confirmation above the December 2024 diagonal resistance remains the major trigger, aligning with my bigger plan for a move toward TP1 = $0.348.
The June 2025 diagonal support line is still intact, keeping the broader structure supportive of higher lows.
In short:
Bulls need to hold $0.2149 → bounce likely.
Bears take control if $0.2149 breaks → next zone $0.1982–$0.1936.
Breakout above diagonal resistance → momentum builds toward higher targets.
💬 That’s my closer look at DOGE. What’s your short-term bias here — do you see bulls holding or bears taking over? Share your thoughts in the comments, and I’ll be happy to check out your trade ideas too! 🙌
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