What’s Next for Dogecoin? 🐕🚀 – Key Signals for DOGE Price
koinmilyoner
Updated at: 3 hours ago
{"content":"What’s Next for Dogecoin? 🐕🚀 – Key Signals for DOGE Price
A two-bar reversal formation called a “tweezer bottom” occurs when successive candles print very similar lows following a fall. Multiple lows suggest that dip purchasers defended the same price in consecutive sessions, and intraday wicks rejecting that level frequently signal sell pressure absorption. In the chart, the twin lows cluster precisely around $0.265, indicating danger.
This pattern is studied on higher periods like the daily because it indicates a specific inflection without a protracted grounding phase.
The 0.382 “linear fib” is a 38.2% linear price scale Fibonacci retracement from the chart's swing extremes. It is a shallow retracement level where trends often halt or restart. The retracement at $0.26537 virtually matches the tweezer lows. The analyst's report defines "holding" as price probing the level intraday but closing above it, retaining it as support rather than resistance.
Traders call that three-way overlay—pattern, retracement, and anchoring cost basis—confluence. Different approaches (price structure, proportional retracement, and volume distribution across time) argue for the same zone, improving level quality.
Where Will DOGE Go?
The graphic shows the next directional checkpoints. The 0.5 retracement at $0.30724, which limited the previous increase before the drop into $0.265, is the next barrier.
Above there, the Fibonacci ladder rises to $0.34911 (0.618), $0.40871 (0.786), $0.44419 (0.886), and $0.48464 (1.000), with extensions at $0.58115 (1.272) and $0.63153 (1.414). If the $0.265 confluence fails on a closing basis, this template's next downward reference is the 0.236 retracement at $0.21357, and the range bottom is $0.12984.
The graphic Cantonese Cat posted conveys a simple message: DOGE challenged a cluster of technical supports around $0.265, formed a tweezer-style response, and is trying to stabilize above the 0.382 retracement and cycle high AVWAP.
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