Dogecoin appears to be setting up for a potential breakout from a long consolidation phase.
Key Technical Signals:
- Price has been consolidating near the range low around $0.14260 for months
- Recent price action shows higher lows formation
- RSI is showing signs of life after extended oversold conditions
Potential Long Setup:
- Entry: Current levels around $0.18025 or on any dip to support
- Target: Range high at $0.45000 (150%+ potential gain)
- Stop Loss: Below $0.14260 support level
Risk Factors:
- Crypto markets remain volatile
- Bitcoin correlation could impact movement
The technical setup suggests accumulation at these levels, with the potential for a significant move if the diagonal resistance is broken. However, failure to hold current support could lead to further downside.
Key Technical Signals:
- Price has been consolidating near the range low around $0.14260 for months
- Recent price action shows higher lows formation
- RSI is showing signs of life after extended oversold conditions
Potential Long Setup:
- Entry: Current levels around $0.18025 or on any dip to support
- Target: Range high at $0.45000 (150%+ potential gain)
- Stop Loss: Below $0.14260 support level
Risk Factors:
- Crypto markets remain volatile
- Bitcoin correlation could impact movement
The technical setup suggests accumulation at these levels, with the potential for a significant move if the diagonal resistance is broken. However, failure to hold current support could lead to further downside.
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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.
Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
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.