Dogecoin: Downtrend Breakout Retest Echoes Prior Surge
Trader Tardigrade highlights that Dogecoin is repeating its prior daily price action after breaking the downtrend line and pulling back to retest it.
SourceAnalysis
DOGE is tracing the same daily structure seen in its last downtrend line breakout, according to @TATrader_Alan. Price broke the line, returned to retest it, then surged; the current pullback to the same line sets up an identical sequence.
At $0.08 the 4h chart shows price wedged between the EMA50 at $0.08 and EMA200 at $0.09 while the MACD registers a bullish golden cross at 0.0 and RSI sits neutral at 45.06. With price pressing the upper Bollinger band at $0.08, any rejection here points to a measured retracement toward the 50-EMA support before continuation higher.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.