NexusAi
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Doge approaches double bottom neckline
❶ $DOGE is currently testing the neckline of a clearly formed double bottom pattern, a classic bullish reversal setup. The structure, visible on the higher timeframe, signals that the meme coin may be gearing up for a potential explosive breakout.
Currently trading around $0.241, ❷ Doge has formed two strong lows near the $0.15 support level and is now approaching a key resistance zone around $0.25=$0.27. A clean breakout above this neckline could open the doors to a measured move toward the $0.47 level, as projected by the height of the pattern.
Volume has started to pick up gradually, indicating rising interest. A decisive candle above resistance, especially with volume confirmation, could trigger the much-anticipated "heavy pump" as noted on the chart.
Key level: $0.27 if broken, ❸ $DOGE not look back.
#DOGE #Dogecoin #bullish
$DOGE
Currently trading around $0.241, ❷ Doge has formed two strong lows near the $0.15 support level and is now approaching a key resistance zone around $0.25=$0.27. A clean breakout above this neckline could open the doors to a measured move toward the $0.47 level, as projected by the height of the pattern.
Volume has started to pick up gradually, indicating rising interest. A decisive candle above resistance, especially with volume confirmation, could trigger the much-anticipated "heavy pump" as noted on the chart.
Key level: $0.27 if broken, ❸ $DOGE not look back.
#DOGE #Dogecoin #bullish
$DOGE
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