Dogecoin (DOGEUSD) broke and closed 2 days ago above its 1D MA50 (blue trend-line) for the first time in 3 months (since January 18 2025) and basically the start of the Trade War fueled correction. This was achieved after the price hit and rebounded on the 2-year Higher Lows Zone.
This is a major bullish development as every time DOGE closed above its 1D MA50 following a Higher Lows Zone test, it started a major Bullish Leg of the current Bull Cycle. At the same time, the 1D RSI signaled a huge Bullish Divergence on that bottom, consistent with all previous bottoms within that 2 year span.
As for how high this new expected rally can get, we expect at least a test of the 1.5 Fibonacci extension, which is still lower that all rallies before it. Conservative long-term Target at $0.9000.
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This is a major bullish development as every time DOGE closed above its 1D MA50 following a Higher Lows Zone test, it started a major Bullish Leg of the current Bull Cycle. At the same time, the 1D RSI signaled a huge Bullish Divergence on that bottom, consistent with all previous bottoms within that 2 year span.
As for how high this new expected rally can get, we expect at least a test of the 1.5 Fibonacci extension, which is still lower that all rallies before it. Conservative long-term Target at $0.9000.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.