🚀 DogeCoin Monthly Chart Analysis

The monthly candle closed green and formed a downside pin bar, but this setup is not bearish because the close remained inside the previous two candles. This suggests market strength instead of weakness.

Previous green candles have been consistently making Higher Highs (HH), reinforcing the bullish market structure.

The Stochastic Oscillator is approaching a cross above the 20 level, signalling a potential momentum shift to the upside.

📈 Bullish Outlook:

With these technical signals aligned, there is a high probability that Doge Coin’s price may target the $0.50 zone in late October or early November.

⚠️ Risk Zone (Red Box):

The main concern for traders is that Doge Coin could first retrace into the $0.20 – $0.18 support zone before resuming its bullish trend.

If this dip occurs, the area may serve as a strong accumulation zone and a base for the next breakout rally. #Dogecoin‬⁩