DOGE is approaching a key inflection point after a clean rejection from the previous supply zone (~0.23) and consistent lower highs. The descending trendline has acted as dynamic resistance, compressing price into a major demand zone that previously triggered a strong rally. If bulls step in here, we could see a breakout and retest of the overhead supply. However, failure to hold this zone opens up potential for a deeper move toward the mid-$0.18s.
📌 Key Levels:
– Resistance: 0.23 (supply zone)
– Support: 0.19 (demand zone)
– Structure: Lower highs into horizontal demand = potential spring or breakdown.
This is a classic make-or-break structure — momentum and volume will reveal the winner.
📌 Key Levels:
– Resistance: 0.23 (supply zone)
– Support: 0.19 (demand zone)
– Structure: Lower highs into horizontal demand = potential spring or breakdown.
This is a classic make-or-break structure — momentum and volume will reveal the winner.
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.