1️⃣ After the December 2023 downtrend, BabyDoge found strong support at the **0.38 Fibonacci retracement level**.
2️⃣ Despite expectations of breaking previous lows, **buyers actively defended this zone**, gradually weakening seller momentum through extended consolidation.
**Current Outlook:**
• Price action suggests accumulation near the **12 support level**, indicating bullish reversal potential.
• We anticipate an upward trajectory toward the **range high at 38** - the upper boundary of the established trading channel.
**Projected Movement:**
✓ A **200% upside move** remains technically viable
✓ Acceleration likely upon:
- Breakout confirmation above channel midline
- Onset of altseason momentum
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.