Dogecoin’s Macro Breakout Setup Path to $11 Unfolding

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Dogecoin is exhibiting a rounding bottom formation, with price recently completing the Adam and Eve structure, achieving its measured move towards the $0.475 liquidity zone.

The ongoing corrective retracement is structurally aligning with a classic re-test of the prior demand zone, now acting as a re-accumulation base, reinforcing bullish strength. The key resistance remains at the proposed neckline region, which also serves as the short-term target and a pivotal breakout threshold.

A decisive break and acceptance above this level would validate trend continuation, triggering the next impulsive expansion phase. A sustained breakout from this structural zone would confirm trend continuation, with the ultimate technical objective aligning with the $11.16 macro target, reflecting the full measured move projection of the prevailing formation.

16 thg 2

Giao dịch đang hoạt động

Price action has completed a corrective ABC wave within a descending channel, leading to a re-accumulation zone. The structure suggests a potential reversal, with a breakout targeting the 0.71475 level.

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Ghi chú

Rounding bottom formation in progress

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Ghi chú

The rounding bottom target still in play, the momentum will be much after break of neckline.