$DOGE Eyes Bullish Reversal: Inverse Head & Shoulders Pattern Emerges on 4H Chart.
Chart Pattern: Inverse Head and Shoulders
The chart clearly marks an inverse head and shoulders pattern:
S (Left Shoulder)
H (Head)
S (Right Shoulder)
This is typically a bullish reversal pattern, especially after a downtrend. It suggests the price might be preparing for a breakout to the upside.
Support & Resistance
There’s a horizontal support zone around $0.15362, which has been tested multiple times.
Price is currently hovering just above this support, around $0.16010.
If the inverse head and shoulders plays out, we could see a break above the neckline, possibly targeting the $0.18–$0.20 range.
If price fails to break out and drops, this zone may act as a bounce point.
Dogecoin is potentially forming a bullish reversal pattern (inverse head and shoulders).
A breakout above the neckline resistance (around $0.165–$0.17) could confirm the move.
Failure to break could mean a retest of the demand zone below ($0.11–$0.13).
Keep an eye on volume during the breakout attempt — that’s your confirmation.
