This structure indicates that #DOGE remains in a broader downtrend / corrective structure, characterized by a series of lower highs and lower lows.
However, the latest price action shows that #DOGEUSDT has successfully rebounded from the lower part of the channel and is now approaching the upper boundary.
This is a critical area to watch because a breakout above the upper channel could significantly change the current momentum structure.
Buy / Long after successfully breaking through the resistance line of this pattern.
The short to medium term target is at least 15-50%+ after the price successfully breaks through this resistance line.
Which coin should we analyze next? Let us know!
