$DOGE Ready For a Massive Reversal? Big Rally Setup! 🚀
Dogecoin is currently sitting at a major historical support zone on the daily timeframe.
After a strong downtrend, price is now respecting previous rally support and forming a potential base structure. The FVG area has been tapped, and buyers are slowly stepping in.
If this support continues to hold, $DOGE could begin a strong bullish recovery toward the mid-range resistance levels.
Order book activity also suggests accumulation in this region.
• Short zone: 0.540 – 0.595 • Targets: 0.490 → 0.408 → 0.291 • Stop / Invalidation: Close above 0.600
Price is extremely extended after a vertical rally and now pressing into major resistance. Parabolic move + overhead supply = high probability pullback zone. 📉
• Short zone: 0.378 – 0.400 • Targets: 0.335 → 0.300 → 0.245 • Stop / Invalidation: Close above 0.450
Price formed a lower high inside resistance after the parabolic move. Structure showing weakness — breakdown from range favors downside continuation. 📉