Just saw DOGE break through an important level at $0.0924 with very high volume, the resistance that previously acted as an obstacle has finally been overcome. Now that level has turned into a fairly solid support for the short term. The price is consolidating in the $0.0940-$0.0945 zone, and what's interesting is that the lower lows are higher, which means the momentum remains constructive.



Traders now see $0.0940 as the main defense line. As long as DOGE stays above this level, the next target around $0.0955-$0.0960 can still be achieved. But if this breakout fails and the price drops back below $0.0924, it means the newly formed support is weak and could revert to the previous range.

The breakout volume is 176% above average, so this isn't just a small liquidity spike. The short-term structure remains bullish as long as support at $0.0940 holds. We'll just have to see if buyers will continue to push or start taking profits at the next resistance level.
DOGE-2,56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin