Dogecoin has retraced to the key support level at 0.158, marking the beginning of an interesting buy zone between 0.158 and 0.089. This area offers an opportunity for buyers looking to maintain the bullish structure and potentially drive the price higher.
Entries in this range present a favorable risk-reward setup, with upside targets at 0.484, the previous high, and 0.859, which aligns with the 100% Fibonacci extension from the current low. The weekly EMA ribbon remains bullish, supporting the idea of a continuation to the upside. Additionally, the Signal Builder has previously triggered buy signals, reinforcing the potential for a bounce in this region.
If buyers step in and hold this support zone, Dogecoin could be setting up for another strong rally.
👨🏻💻💭 Are you positioning yourself for the next move?
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