Dogecoin is approaching a critical demand zone around $0.17 – $0.18, an area that previously acted as strong support.
📉 Current Price: $0.194
🕓 Timeframe: 4H (Coinbase)
Here’s what I’m watching:
✅ Green Zone (Buy Area): $0.17 – $0.18 → buyers have consistently stepped in here.
❌ Red Zone (Sell Area): $0.26 – $0.27 → a key resistance area where price previously reversed.
📈 Potential Move: A bullish reaction from the demand zone could push DOGE back toward the $0.25–$0.27 area.
Plan:
I’m waiting for a confirmation bounce or a bullish engulfing candle in the green zone before entering. Targeting the top red zone for partial profits.
💡 Note: If DOGE breaks below $0.17 with strong volume, this setup becomes invalid — that could open a deeper correction.
⚡️Summary:
Buy Zone → $0.17–$0.18
Target → $0.26
Stop Loss → Below $0.165
🚀 DOGE looks ready for a rebound if bulls defend this zone again!
What do you think — will Dogecoin bounce from here or dive deeper? Drop your thoughts below 👇
#Dogecoin #DOGEUSD #CryptoAnalysis #PriceAction #MarketPullback