Dogecoin is at a critical juncture on the 1-hour chart!
We’re seeing signs of a Distribution/Reaccumulation phase, with the price action teasing a potential move. After a possible Spring shakeout at $0.215, DOGE has climbed into the Last Point of Support (LPS) range between $0.22 and $0.23. This could be a launching pad for a bullish move!
I’m watching for a push toward $0.25, where we might see a UT (Upthrust) structure form — a solid target for this setup. However, if the price fails to hold, a breakdown below $0.22 could send us toward the $0.20 level, a key support to watch. The $0.22-$0.23 zone is critical right now — will bulls take control, or will bears strike back? Let’s find out!
Key Levels to Watch:
What’s your call, traders? Are we heading for $0.25, or will $0.20 come into play? Drop your thoughts below!
We’re seeing signs of a Distribution/Reaccumulation phase, with the price action teasing a potential move. After a possible Spring shakeout at $0.215, DOGE has climbed into the Last Point of Support (LPS) range between $0.22 and $0.23. This could be a launching pad for a bullish move!
I’m watching for a push toward $0.25, where we might see a UT (Upthrust) structure form — a solid target for this setup. However, if the price fails to hold, a breakdown below $0.22 could send us toward the $0.20 level, a key support to watch. The $0.22-$0.23 zone is critical right now — will bulls take control, or will bears strike back? Let’s find out!
Key Levels to Watch:
Support: $0.22 (LPS range), $0.20 (breakdown target)
Resistance: $0.23 (upper LPS range)
Target: $0.25 (potential UT structure)
What’s your call, traders? Are we heading for $0.25, or will $0.20 come into play? Drop your thoughts below!
Trade active
Losing ground at $0.22! Let's go down to $0.20!!
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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.