SasanSeifi|Will the Price Break Above $0.18 or Face a CorrectionThe previous analysis.๐
In the daily timeframe BINANCE:DOGEUSDT , Dogecoin has held support around the $0.090 level, entering a consolidation phase. The forecast suggested a short-term target of $0.125, followed by a possible move to the $0.14โ$0.15 range. Observing Dogecoinโs reaction to both the $0.125 level and the liquidity area around $0.14 is crucial to understanding its future direction.
As predicted, Dogecoin maintained its support at $0.10 and resumed an upward trajectory, achieving a significant 46% increase up to the $0.15 target. Following this, Dogecoin encountered resistance, triggering a slight retracement, and a potential pullback down to the $0.125โ$0.12 range is expected. Further monitoring of price reactions at these support levels will clarify its next movements. After a period of consolidation and confirmation, thereโs a chance for another round of upward fluctuations and bullish momentum. However, should the price fail to hold, further corrections might follow.
New analysis๐
As shown on the chart, after a slight retracement down to the $0.125 area and completing a pullback, Dogecoin has rebounded with a 37% increase, currently testing a significant supply zone. If the price can push above the crucial $0.18 resistance level, Dogecoin could extend its growth to targets like $0.188โ$0.20, approaching the next bearish order block. On the other hand, if momentum weakens, a corrective target at $0.158โ$0.155โ$0.15 could come into play. Observing price reactions to these support levels will provide clearer insight into Dogecoin's future trend.
๐ขThis analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment โ Iโd love to hear your thoughts! Happy trading! โ๐