DOGE/USD Bounces from Demand Zone – Is a Rally Brewing?Dogecoin just bounced off a key demand zone near $0.15740, with bullish signs starting to emerge. Here's what this 15-minute chart is signaling for intraday traders:
Key Levels to Watch:
Demand Zone: $0.15740 – $0.15880 → Strong buying pressure spotted here
Resistance 1: $0.16338 → Break above this opens the door to higher levels
Major Supply Zone: $0.16703 – $0.16800 → Heavy resistance and potential take-profit zone for longs
Bullish Signals:
Multiple rejections at the demand zone suggest buyers are protecting this level
Higher lows forming → Possible accumulation pattern
Green arrows highlight upside potential if breakout confirms
Scenarios:
1. Bullish Breakout: A clean break and close above $0.16338 could target $0.167 short term
2. Range Continuation: If rejection occurs again at mid-range, look for re-entry around $0.158
3. Bear Trap Setup: Market may fake a breakdown to sweep liquidity before a strong push up
Volume and Price Action:
Watch for increasing volume as price approaches key levels
Whales might be accumulating in this range → Check order book and funding rates if you're on exchanges
Community Question:
Do you think DOGE will test $0.167 again this week?
Drop your thoughts below & smash the like button if you're watching DOGE closely!
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