- DOGE still contains a higher-low structure that occurs monthly and rounded bases indicate a possible continuation.
- It is important to have this level; a breakdown at this point may initiate a bear-market in the short term even though the overall direction is upward.
- Above the support, price will stabilize which will give a retest of this resistance, which will be aligned with the monthly bullish trend.
Dogecoin is trading in a wider monthly uptrend, although there has been a recent pull back in the dogecoin. According to the given data, at the time of the press, the DOGE was at the value of $0.1055, which is a 6.1% decrease per day.
This structure shows repeated rounded bottoms, which appear after corrective phases within the trend. As a result, market focus has shifted toward whether current levels sustain the established pattern. From here, nearby support and resistance levels define the immediate trading framework.
Monthly Chart Structure Shows Persistent Higher-Low Formation
The DOGE has an upward trendline on the monthly basis that links higher highs. Past downturns generated rounded bottoms, which were followed by steep increases as indicated by the chart. In the same way, the present structure presents some further curved base shaping around the upwards trend line.
https://x.com/TATrader_Alan/status/2017854943387128053?s=20
However, price recently pulled back toward the $0.1002 support level, placing this zone under attention. Notably, each historical pullback respected this trendline before resuming upward movement. Therefore, the structure remains intact as long as price holds above trend support. This context leads directly into short-term price behavior around current levels.
Key Price Levels Define Short-Term Market Direction
The level of resistance is at 0.1123 and that limited the recent attempts of upward movements. In the meantime, the support is set at $0.1002, which is in line with the trend of increasing monthly structure.
Further on, DOGE demonstrates a quoted value of 0.051347 BTC, which is a 0.3% upsurge as compared to Bitcoin. The price drop of 6.1% however indicates the near term selling pressure in the bigger trend. Thus, the direction at the levels is set by price behavior.
DOGE Eyes Key Levels Trendline Key for Today’s Action
On the bullish side, DOGE trades above $0.1002 and trades around the trendline. It is worth noting that sustained support may enable price to retrace to $0.1123 within the session. Such a move would keep prices aligned with the existing monthly uptrend. However, a bearish scenario develops if price fails to hold $0.1002. Then further pressure can push losses at lower points than there are now. Thus, the current price movement depends on the relationship between the support levels, the resistance levels, and the long-run trend.
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