After establishing a solid support area at $0.126 and persistently accumulating around $0.132, $DOGE is ready for a breakout phase. The current structure on the chart is a tightly compressed spring after a prolonged decline. The price continuously testing the nearby resistance level indicates that buyers are preparing for a strong breakout from the downtrend channel.
This is not the time for fundamental analysis or to find reasons why it is slow. In trading, price runs ahead, news follows. Once the $0.135 level is broken, an extremely strong squeeze will propel the price into the zero-gravity zone. The question is not why the price is rising, but why you still do not have a position when the structure is so clear.
DOGEUSDT
Perp
0.13081
-1.00%