1. Chart Structure:
Current price: ~0.18497 USDT.
The chart uses Heikin Ashi candles for smoother trend visualization.
A falling wedge pattern is forming — typically a bullish reversal pattern.
A strong accumulation zone (purple box) is visible between ~0.07 – 0.19 USDT.
2. Price Behavior:
After a strong rally in early 2025, DOGE is currently retracing.
The latest candle shows signs of reversal (wick to the downside and green body), suggesting potential support bounce.
3. Fibonacci Extension Levels (Potential Targets):
0.786 level: 0.45550 USDT (blue)
1.272 level: 0.65004 USDT (orange)
1.618 level: 0.78854 USDT (blue)
4. Potential Scenarios:
Bullish case: A breakout above the falling wedge could lead to a rally towards 0.45 – 0.65 USDT.
Bearish case: If support fails, DOGE might retest the lower support zone around 0.07 USDT (gray area below).
📌 Conclusion:
Main trend: Accumulation with possible bullish breakout.
Entry zone (support): 0.14 – 0.19 USDT.
Short-term target: 0.45 USDT.
Mid-to-long-term target: 0.65 – 0.78 USDT.
Stop-loss zone: Below 0.13 USDT.
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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.
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.