Dogecoin’s Macro Breakout Setup Path to $11 Unfolding
2025-02-16
Category: None

Dogecoin is exhibiting a rounding bottom formation, with price recently completing the Adam and Eve structure, achieving its measured move towards the $0.475 liquidity zone. 


The ongoing corrective retracement is structurally aligning with a classic re-test of the prior demand zone, now acting as a re-accumulation base, reinforcing bullish strength. The key resistance remains at the proposed neckline region, which also serves as the short-term target and a pivotal breakout threshold. 

A decisive break and acceptance above this level would validate trend continuation, triggering the next impulsive expansion phase. A sustained breakout from this structural zone would confirm trend continuation, with the ultimate technical objective aligning with the $11.16 macro target, reflecting the full measured move projection of the prevailing formation.