Dogecoin has been riding a strong uptrend, maintaining its momentum along a parabolic safety curve, which has been respected multiple times.
📈 Recently, DOGE broke out of a descending channel and is now approaching a resistance zone around $0.225–$0.230. This area previously acted as a supply zone, and price action suggests a short-term rejection could be forming.
🟦 Key Observations:
Parabolic trendline acting as a "safety curve" support.
Price approaching a supply zone with signs of slowing momentum.
Potential short-term double top or lower high forming.
📌 Scenarios to Watch:
Pullback from resistance → Retest of the safety curve (~$0.21) = potential long setup.
Break and hold above $0.230 = bullish continuation, targeting new local highs.
⚠️ Risk Management: Enter on confirmation; don't chase green candles near supply. A breakdown of the safety curve may lead to deeper correction.
#Dogecoin #DOGEUSDT #Crypto #TechnicalAnalysis #Altcoins #MEXC
📈 Recently, DOGE broke out of a descending channel and is now approaching a resistance zone around $0.225–$0.230. This area previously acted as a supply zone, and price action suggests a short-term rejection could be forming.
🟦 Key Observations:
Parabolic trendline acting as a "safety curve" support.
Price approaching a supply zone with signs of slowing momentum.
Potential short-term double top or lower high forming.
📌 Scenarios to Watch:
Pullback from resistance → Retest of the safety curve (~$0.21) = potential long setup.
Break and hold above $0.230 = bullish continuation, targeting new local highs.
⚠️ Risk Management: Enter on confirmation; don't chase green candles near supply. A breakdown of the safety curve may lead to deeper correction.
#Dogecoin #DOGEUSDT #Crypto #TechnicalAnalysis #Altcoins #MEXC
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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.