Explosion Alert! Dogecoin's Stunning 'Inverse Head and Shoulders' Breakout Countdown! Possible Crazy Surge Within 7 Days!
Since October last year, DOGE has been fluctuating downward, constrained by a key downward trend line, with three critical high points firmly suppressed, and the current price is approaching the breakout edge.
Recently, a typical inverse head and shoulders pattern has formed—left shoulder, head, right shoulder have successively taken shape, with the neckline around $0.185. A breakout signal appeared in early May, and the price has successfully retested the neckline, turning it into support.
Analysts predict that DOGE will complete a retest of the long-term trend line (around $0.23-$0.24) within the next 7 days and strongly rebound to start a new uptrend.
If it successfully breaks out, the next target will be the key resistance area of $0.42-$0.43. If the daily closing price holds above this level, it will indicate the start of a trend reversal and the beginning of a bull market.
However, falling below the $0.185 neckline would break this beautiful pattern, and short-term risks still exist.
Current DOGE price is $0.221, a surge is just around the corner, please stay tuned!