Technical analysis by Mentor_Michael03 about Symbol DOGE: Buy recommendation (7/29/2025)

DOGE Looking Strong as Support Holds 🔹 1. Support Zone Validated The chart shows Dogecoin retested the lower boxed region around $0.221–$0.223, and bounced sharply from that zone. Given the heavy spike in volume during the retest, this suggests aggressive buying and accumulation—a hallmark of bullish conviction. CryptoRank The Tradable 🔹 2. Fibonacci 0.618 Support Bounce On the 4‑hour timeframe, DOGE held firm above the critical Fibonacci 61.8% retracement level, and delivered a strong rebound—indicating technical significance and buyer interest at this level. Blockchain News 🔹 3. Double-Bottom + Trendline Breakout Analysts have identified a classic double-bottom formation, with price clearing the neckline (~$0.230–$0.231) and then retesting it successfully. Holding this retest confirms a breakout, suggesting more upside ahead. Crypto Basic 🔹 4. Whale Activity & Accumulation On-chain data shows $250 million in Dogecoin accumulation by whales, especially around the support zone—creating a structural demand base and reinforcing the bullish setup. CoinCentral 🎯 Price Targets & Key Levels ScenarioLevelsRationale Bullish continuation$0.239–$0.241 union resistanceFirst resistance zone—price must reclaim to continue bullish momentum $0.260–$0.280Reclaiming $0.241 could open room toward mid‑channel resistance or prior highs $0.300+Potential target if momentum sustains and broader breakout occurs Bearish invalidation$0.223 supportInvalid break below suggests fading momentum—risk of correction to $0.215–$0.218 $0.215–$0.218Secondary support zone if expansion of sell side continues ⚙️ Trade Setup for a Bullish Bias Entry Focus: Consider entering long near $0.223 if price retests and holds, with a tight stop just below support. Stop-Loss Zone: Slightly beneath $0.221 to account for volatility. Targets: Scale out around $0.241, with larger targets at $0.260–$0.280, and possibly $0.30+ on sustained strength. Confirmation: Watch for rising volume, break and close above resistance zones, and bullish indicator alignment. ⚡ Market Sentiment & Broader Themes Momentum Shift: A bearish retrace reversed quickly amid accumulation, suggesting strong buyer commitment. CryptoRank The Tradable AInvest Double Bottom Status: Analyst commentary supports a reversal setup, with targets toward $0.310–$0.46 if the neckline holds. Crypto Basic AInvest CryptoRank Macro View: DOGE remains within a bullish channel; some forecasts project