Dogecoin Buy Signal Detected — Breakout Incoming?

A key technical event is unfolding on the DOGE/USD weekly chart. After a strong two-week rally into the $0.20 range, Dogecoin has pulled back sharply, now trading within the Bull Market Support Band ($0.19025–$0.20703).

Latest Weekly Candle:

O: $0.24076

H: $0.24860

L: $0.18855

C: $0.19945

Weekly change: -17.15%

This pullback is intersecting with two critical levels:

1. A long-term descending trendline, recently broken on July 16.

2. The support band, often used to gauge whether a trend reversal is holding or failing.

Current price action is retesting both from above. Analysts view this as a "back-test", not a breakdown — a potential sign of strength if DOGE holds these levels.

> “I think it’s great risk-reward here,” says Cantonese Cat, summarizing the sentiment of many trend traders.

What to Watch:

A firm weekly close above $0.20

Mid-band bounce and declining negative momentum

Volume support and RSI reversal confirmation

If these conditions hold, bulls could reclaim control. A sustained breakout above $0.21 may open room toward previous highs.

But volatility remains high — traders should size positions accordingly.

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