Dogecoin Bulls Don’t Celebrate Too Early: This | Crypto News
Dogecoin (DOGE) is urgent into a technically important choice space after a sharp bounce, but a number of chart reads from a number of revered crypto analysts converge on the same level: the rally only graduates from “relief” to “reversal” if DOGE can clear the mid-$0.15s and put in a recent local high.
Dogecoin Rallies, But The Real Test Is $0.157
The framing by Kevin (Kev_Capital_TA) is express about what affirmation seems like. “Dogecoin like BTC and many other Altcoins came back and successfully tested its key 4HR MA’s after breaking out of them in an attempt to end its major corrective phase. A successful retest followed by a new local high will be further evidence the corrective phase ended in the exact zone we said it would. A new high would be a break of .157 cents.”
On Kevin’s 4-hour view, DOGE spent months trending decrease while repeatedly failing at declining moving-average bands, the chart marks a number of prior rejections. The current push greater is notable because price reclaimed those averages and then pulled back into them, holding the retest moderately than rolling straight over. That habits is constant with a regime trying to rotate from “sell-the-rip” to “buy-the-dip,” but the chart makes clear the market is still trading beneath a broader downtrend construction unless it will probably pressure a greater high.
Cantonese Cat’s daily snapshot captures where that friction is displaying up in real time. The latest candle closes at $0.1486 after printing $0.1508 on the day, successfully tagging into the same space where sellers have leaned in before.
He writes: “DOGE is putting in another bullish daily candle that engulfs the last 5 bearish candles.” While this is an bullish signal a short-term impulsive transfer, a new greater high still wants to be achieved by the Dogecoin bulls.
@BigCheds’ daily panel underscores why the mid-$0.15s matter: DOGE stays under heavier pattern measures, with the 34-day EMA at $0.1828 and the 200-day SMA at $0.2212 still nicely overhead.
Bollinger Bands show DOGE rebounding out of low-end compression, with the decrease band around $0.11, the idea close to $0.135, and the higher band close to $0.16. Price first bounced off the decrease band, pushed through the idea and tagged the higher band, then retraced to the idea, held the retest, and is now rotating back toward the higher envelope.
The setup is clear: holding above the reclaimed short-term averages and clearing $0.157 would full the “retest, then higher high” sequence Kevin is watching, while also forcing price through the daily provide zone Big Cheds has boxed out. A renewed push into the higher Bollinger Band would add affirmation that momentum is increasing in the direction of the transfer.
Failure to clear that zone, adopted by a slip back under the reclaimed MA space, would shift consideration to $0.1319 first, then $0.1208, with $0.1068 as the deeper line in the sand shown on the chart.
At press time, DOGE traded at $0.14768.
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