Juicy DOGE setup right here. Chart looks absolutely primed. Are we entering? 👀
Alright team, let's break down this juicy DOGE/USDT chart and see what's cooking! 📈 Looking at the 1-month timeframe, it's clear Dogecoin has found its footing and is building solid momentum.
The chart depicts a robust recovery phase, bouncing perfectly off a critical multi-month horizontal support level around $0.13137. We're now establishing a series of higher lows within a well-defined ascending support zone, which is a textbook bullish signal. Currently hovering around $0.24, DOGE is coiling up. The long-term target highlighted on the chart is a substantial $0.73866. This is where we could see serious price action unfolding in the coming months.
My take? This looks like a prime accumulation zone for long-term holders. The strength shown after holding such a significant support level indicates underlying demand. We could be looking at the early stages of DOGE's next major leg up.
Highly recommend HOLD and Stacking DOGE at Binance. Feel free to comment the altcoin you are holding and we will check it for you!
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