Technical analysis by ArShevelev about Symbol DOGE on 5/16/2025

Dogecoin is at a critical juncture on the 1-hour chart!We’re seeing signs of a Distribution/Reaccumulation phase, with the price action teasing a potential move. After a possible Spring shakeout at $0.215, DOGE has climbed into the Last Point of Support (LPS) range between $0.22 and $0.23. This could be a launching pad for a bullish move!I’m watching for a push toward $0.25, where we might see a UT (Upthrust) structure form — a solid target for this setup. However, if the price fails to hold, a breakdown below $0.22 could send us toward the $0.20 level, a key support to watch. The $0.22-$0.23 zone is critical right now — will bulls take control, or will bears strike back? Let’s find out!Key Levels to Watch:Support: $0.22 (LPS range), $0.20 (breakdown target)Resistance: $0.23 (upper LPS range)Target: $0.25 (potential UT structure)What’s your call, traders? Are we heading for $0.25, or will $0.20 come into play? Drop your thoughts below!Losing ground at $0.22! Let's go down to $0.20!!