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๐จ DOGE/USDT 4H Technical Analysis โ Traderโs Eye View ๐จ
Currently, Dogecoin is trading around 0.21482 USDT on Binance, and the price action is consolidating within a symmetrical triangle pattern. This zone is a classic โmake-or-breakโ area where both bullish and bearish scenarios are possible.
๐น Upper Resistance Zone: Around 0.25 โ 0.30 USDT
This level has repeatedly rejected DOGE in the past, showing that strong sellers are sitting here. A confirmed breakout above this zone could open the doors for a bullish rally, targeting higher levels.
๐น Lower Support Zone: Around 0.15 โ 0.18 USDT
This region has acted as a cushion multiple times. If the price breaks down, DOGE could revisit this lower zone, which would be a crucial demand area for accumulation.
๐ Bearish Case: If the price fails to hold the trendline support and breaks below 0.21, a retest of the lower zone around 0.18 โ 0.15 is likely.
๐ Bullish Case: If DOGE manages to break out above 0.225 โ 0.23 with volume, we could see a strong push toward the 0.25 โ 0.30 resistance zone.
โก Traderโs Eye Tip:
At this point, DOGE is at a decision-making level. Patience is keyโlet the breakout direction confirm before jumping in. Smart traders wait for confirmation, not assumptions.
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