Dogecoin is currently in an interesting situation. The price is now trading at $0.10 and has moved slightly higher in the past 24 hours. But looking at the bigger picture, it is still under long-term pressure — having lost about 45% over the past year. When I look at the chart, the Supertrend indicator is still below the price, indicating that sellers are still in control. However, what interests me here is that the MACD is signaling a slight change — the histogram is shifting from red to green. This probably suggests that the downward momentum is weakening. Some traders are seeing a bullish Morning Doji Star pattern on the monthly chart, which was seen before a previous major reversal. If this pattern proves itself, we could see a strong uptrend. According to projections, reaching from $0.10 to $0.80 would be about a 700% increase — quite impressive, but it would require breaking the Supertrend resistance first. For now, the support is between $0.088 and $0.085, where we can test it.

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