Structure Detected
Price is moving within a broad ascending channel -- current action is around the midline resistance.
Recent candles show a bounce off the lower half of the channel, reclaiming momentum toward the midline.
Volume Profile shows highest interest between $0.20–$0.25, meaning we’re trading right inside a major liquidity zone.
Historically, moves from this mid-channel zone often test either the upper channel near $0.48 or revert to the lower channel (~$0.15).
📊 Market Bias
Short-term: Bullish tilt while above $0.22 support — strong recovery from recent local lows and consistent green Heikin Ashi candles.
Medium-term: Still neutral until price can break & close above ~$0.27 (clear channel midline breakout).
Volume cluster at $0.24 may cause some chop before resolution.
🎯 Bullish Targets
$0.27 – Break & retest of channel midline.
$0.35–$0.36 – Next high-volume node from the profile.
$0.48 – Channel top & major psychological resistance.
🔻 Bearish Levels
$0.22 – Immediate support.
$0.20 – High-volume support; losing this flips bias bearish.
$0.15 – Lower channel boundary / high interest node.
🕰️ Timeframe-Based Targets
Daily Swing Upside: $0.27 → $0.35 → $0.48
Daily Swing Downside: $0.22 → $0.20 → $0.15
📝 Summary
DOGE is in a mid-channel battle inside a key liquidity cluster around $0.24. Holding above $0.22 keeps the bias short-term bullish toward $0.27, but failure here likely sends it back to $0.20 for a retest. A clean daily close above $0.27 could set up a move toward $0.35 (+).
Price is moving within a broad ascending channel -- current action is around the midline resistance.
Recent candles show a bounce off the lower half of the channel, reclaiming momentum toward the midline.
Volume Profile shows highest interest between $0.20–$0.25, meaning we’re trading right inside a major liquidity zone.
Historically, moves from this mid-channel zone often test either the upper channel near $0.48 or revert to the lower channel (~$0.15).
📊 Market Bias
Short-term: Bullish tilt while above $0.22 support — strong recovery from recent local lows and consistent green Heikin Ashi candles.
Medium-term: Still neutral until price can break & close above ~$0.27 (clear channel midline breakout).
Volume cluster at $0.24 may cause some chop before resolution.
🎯 Bullish Targets
$0.27 – Break & retest of channel midline.
$0.35–$0.36 – Next high-volume node from the profile.
$0.48 – Channel top & major psychological resistance.
🔻 Bearish Levels
$0.22 – Immediate support.
$0.20 – High-volume support; losing this flips bias bearish.
$0.15 – Lower channel boundary / high interest node.
🕰️ Timeframe-Based Targets
Daily Swing Upside: $0.27 → $0.35 → $0.48
Daily Swing Downside: $0.22 → $0.20 → $0.15
📝 Summary
DOGE is in a mid-channel battle inside a key liquidity cluster around $0.24. Holding above $0.22 keeps the bias short-term bullish toward $0.27, but failure here likely sends it back to $0.20 for a retest. A clean daily close above $0.27 could set up a move toward $0.35 (+).
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.
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.