Testing Key Supply Zone
2024-11-12

DOGE  recently broke a critical resistance level at around $0.33 to $0.34 and is currently trading around $0.42, showing a significant bullish momentum.
This breakout could indicate a shift in trend, with potential for further upward movement if key levels are respected.

🔑  Key Supply Zone (Order Block):  The price is approaching a supply zone between $0.44 and $0.55, which could act as a significant resistance area.
This zone might induce a temporary correction or consolidation if sellers become active, leading to a potential pullback. If DOGE reacts to this zone, we may see a slight dip before any further upward move.

 Potential Scenarios: 
🟢  Bullish Continuation:  Should DOGE manage to break above the $0.55 level, it could open the path toward higher targets, possibly aiming for the $0.72 resistance.
🔴  Temporary Correction:  If DOGE encounters resistance at the $0.44-$0.55 zone, a minor correction could lead it back towards previous support levels, providing new buying opportunities for interested participants.

 Note: This analysis is provided purely for informational purposes and should not be taken as a buy or sell signal.