DOGE/USDT Technical Analysis – Breakout AnticipationDOGE/USDT Technical Analysis – Breakout Anticipation
As of the current market structure, DOGE/USDT is showing signs of a potential bullish reversal from the demand zone (support), aiming toward the projected target at 0.27253 USDT.
🔍 Chart Structure & Price Action
Support Zone (0.21873 – 0.22568): The price has previously respected this area, making it a strong demand zone where buyers stepped in.
Resistance Zone (0.27756 – 0.29000): A key supply zone where previous rallies halted. This is the ultimate test for bulls after the breakout.
Current Price (0.23743) is showing consolidation above the support, suggesting accumulation before a move.
🧠 Technical Indicators
Supertrend Indicator: Currently flipping to bullish (10,3 settings), indicating potential upside continuation.
Volume Profile (VRVP): Shows high volume nodes around the support level, confirming strong interest from institutional players or large orders.
Market Structure: A higher-low is forming, indicating early signs of a bullish market shift.
🎯 Target
The projected move towards 0.27253 USDT aligns with previous price action and supply zone interaction. A clean breakout from the current consolidation could fuel momentum toward this level.
🎓 Educational Insight
This setup reflects the principles of Smart Money Concepts (SMC):
Price tapping into demand before impulse moves.
Liquidity grab at lows.
Break of structure (BOS) to the upside could trigger continuation.
Traders can learn the value of combining structure-based trading with volume analysis to improve entry precision and confidence.
