#DOGE #Dogecoin #MemeCoin #Crypto #BinanceSquare
📌 Market Situation
Current Price: $0.2052
Market Cap: $30.6 billion
24h Trading Volume: $2.39 billion
Circulating Supply: 149.2 billion DOGE
24h Volatility: +4.01%
🔍 Technical Analysis
DOGE has confirmed an 'inverse head and shoulders' pattern on the daily chart, with potential price targets up to $0.24. The strong trading volume supports this bullish trend. If it breaks the resistance level of $0.21, DOGE could continue towards $0.24 and $0.30.
⚙️ Proposed Trading Strategy
Buy Zone: $0.20 – $0.21
Stop-loss: $0.19
Take Profit 1 (TP1): $0.24
Take Profit 2 (TP2): $0.30
Expansion Scenario: If DOGE closes the daily candle above $0.30, it may hold the position until $0.35
🧭 Key Events
Increased Trading Volume: DOGE has increased by 12.24% in the last 24 hours, reaching $0.2048, with strong trading volume, indicating significant interest from investors.
Community Support: DOGE has received strong support from the community, with 71% of traders on Binance placing buy orders, indicating a positive market sentiment.
🔗 Trade Now
