Dogecoin: Bounces From 4-Year Trendline Support
Trader Tardigrade notes Dogecoin bounced from its 4-year trendline support since 2022 on the daily chart, forming a channel after the third touch similar to prior surges.
SourceAnalysis
Dogecoin bounced from the 4-year trendline support in place since 2022, marking the third touch and third bounce according to @TATrader_Alan. After each prior bounce a small channel formed before price advanced toward the upper band, and the same structure now appears. On the 4h chart price sits at $0.09 aligned with both the EMA50 and EMA200, which act as immediate support while the MACD golden cross at -0.0 signals building bullish momentum despite neutral RSI at 40.16; with price pressing the upper Bollinger Band resistance at $0.09, any near-term pullback would likely target the lower band support at $0.08 before continuation.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.