DOGE Accumulates at $0.41: Bulls Eye $0.445 Targets!
2025-01-17
Category: None

DOGE/USDT 4H Chart Analysis 
Market Structure:

 
 Current Price: $0.41.
 DOGE is in a clear accumulation phase, supported by institutional activity in the $0.36-$0.38 zone.
 
 
Key Levels: 
 
 Support:
 Accumulation zone: $0.36-$0.38.
 Resistance:
 T1: $0.425.
 T2: $0.445.
 

 Momentum Indicators: 
 
 RSI: At 59.28, showing hidden bullish divergence, signaling strong potential for continuation.
 Volume Profile: Recent spikes in volume suggest institutional buying pressure.
 
 
Trade Setup: 
 
 Entry: $0.408-$0.412.
 Targets:
 T1: $0.425.
 T2: $0.445.
 Stop Loss: $0.388 (below the accumulation zone).
 Risk-to-Reward: Favorable with strong support levels holding.
 Confidence Level: 8/10 for bullish continuation.
 
 
 Market Maker Activity: 

 
 Accumulation: Institutional buying is evident in the $0.36-$0.38 zone, preparing for a push toward higher price levels.
 Expectation: Price likely to target premium zones above $0.42, with market makers driving the 
 trend.
 

 Considerations: 
 
 Volume confirmation: Ensure continued strong buy volume near $0.42 for a successful breakout.
 Support integrity: Monitor the $0.408 level to ensure it holds for bullish momentum.
 Resistance reaction: Be cautious around $0.425-$0.445 for potential pullbacks or consolidations.
 

This setup indicates a bullish continuation to $0.425 and $0.445, with accumulation driving the next leg up.