$DOGE Breaking Out: Is the Next Leg Up Starting?
Looking at the 1-hour chart for $DOGE, things are heating up. We just saw a massive green candle push us past the $0.1320 mark, and the momentum is clearly in favor of the bulls.
What’s interesting here is how the price is trending comfortably above the MA(7), MA(25), and MA(99). This indicates that the short-term and medium-term trends are aligning for a potential rally. The volume spike we’re seeing right now confirms that buyers are stepping in with conviction.
Why this looks promising:
Support Flip: The previous resistance around $0.1290 is now acting as solid support.
Volume Surge: We’re seeing a significant 24h volume of 1.24B DOGE, showing high liquidity and interest.
Bullish Crossover: The shorter moving averages are trending upward, providing a "floor" for the current price action.
Potential Profit Points to Watch:
TP 1: $0.1348 (Testing the recent 24h high)
TP 2: $0.1385 (The next psychological resistance level)
TP 3: $0.1420 (If the momentum sustains through the weekend)
Risk Management: It’s always smart to keep an eye on the $0.1250 level. If we dip back below that, the current bullish thesis might need a second look.
Are you holding your DOGE or looking for an entry on a retest? Let's discuss in the comments.
