DOGE is approaching a pivotal support zone on the 4H chart — the same area that acted as the breakout base in mid-July before price surged nearly 40% higher. This horizontal level is now being tested again, offering a potential opportunity for trend continuation if bulls can defend it.
The support zone also aligns with an ascending trendline that has been respected for nearly a month, creating a key confluence point. Combined with an oversold Stochastic RSI reading, the setup is beginning to show early signs of a potential reversal — but confirmation is still needed.
Price structure remains technically bullish unless this area breaks. A clean bounce here could trigger a new wave toward the prior high at $0.29. On the flip side, a breakdown of this confluence zone would invalidate the current trend structure and likely target the $0.19–0.20 region.
📊 What I’m Watching For:
– Bullish price action (e.g., hammer candle, engulfing) off this zone
– Higher low confirmation with volume
– Trendline retest and hold
– Momentum alignment with RSI/Stoch flip
DOGE remains one of the more technically clean charts among majors — but holding here is key. Watching closely.
The support zone also aligns with an ascending trendline that has been respected for nearly a month, creating a key confluence point. Combined with an oversold Stochastic RSI reading, the setup is beginning to show early signs of a potential reversal — but confirmation is still needed.
Price structure remains technically bullish unless this area breaks. A clean bounce here could trigger a new wave toward the prior high at $0.29. On the flip side, a breakdown of this confluence zone would invalidate the current trend structure and likely target the $0.19–0.20 region.
📊 What I’m Watching For:
– Bullish price action (e.g., hammer candle, engulfing) off this zone
– Higher low confirmation with volume
– Trendline retest and hold
– Momentum alignment with RSI/Stoch flip
DOGE remains one of the more technically clean charts among majors — but holding here is key. Watching closely.
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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.