Technical analysis by Bicoinmoney about Symbol DOGE: Buy recommendation (4/3/2025)

🧠 Technical Overview:✅ 1. Price Action:The price is forming a descending triangle pattern, which typically signals bearish continuation if broken to the downside.It’s currently testing a key horizontal support zone around $0.164 – $0.18 USDT (marked in pink), a historical accumulation area.Lower highs suggest sellers are still in control.☁️ 2. Ichimoku Cloud:Price is below the cloud, and both Tenkan and Kijun lines are pointing down → clear bearish trend.No sign of bullish reversal from Ichimoku yet.📉 3. RSI (14):RSI is at 32.98, nearing the oversold region.The RSI and its moving average are running close together, no strong divergence yet.🔄 4. WTO (Wave Trend Oscillator):WTO is deep in the oversold zone (around -50), and the blue and orange lines are slightly curling up → possible short-term bounce signal.🔄 5. MACD:The MACD histogram is shrinking on the negative side, showing bearish momentum is weakening.However, MACD has not crossed above the signal line yet → wait for confirmation.🧪 6. Cluster Algo:No strong bullish signals yet from the cluster indicators.Lines are compressing, which may indicate a potential breakout soon.🔍 Key Levels:Immediate Resistance: $0.20 – $0.21 USDT (Fib 0.236), further targets at $0.28 and $0.455 (Fib 0.786).Critical Support: $0.164 USDT. If this breaks, price could head to $0.11 – $0.12 (previous lows).🎯 Summary:This is a critical decision zone – price is at the bottom of a descending triangle and testing strong support.RSI + WTO are near oversold → a bounce is possible, but MACD confirmation is needed.If support at $0.164 fails, price might drop sharply.If it holds and volume picks up, a move toward $0.20 – $0.21 is likely.