Technical analysis by MasterAnanda about Symbol DOGE: Buy recommendation (8/4/2025)

This is a great chart setup and I can even say it looks better than Cardano, but why? Because prices are lower, therefore there is more room available for growth. So it really depends on how you look at it. Seeing Dogecoin producing a rising channel is good, but knowing that prices are still really low compared to the last high (December 2024) and also compared to the all-time high tells us that there is still plenty of room available for growth and it is early. The rising channel after the correction ended reveals that the market—traders, holders, investors, etc.—are buying and accumulating for what comes next. Can be anything, but everybody is already buying... The current higher low support was found right in-between 0.618 and 0.786 Fib. retracement levels. Here marked with blue dotted and purple dotted lines. We could say that it is possible to see two to three days green followed by another low, a lower low, and this is definitely possible but there is no bearish momentum, no sell side force. And thus we can conclude on an early end for this retrace. Another reason is the fact that the rise is more steep now compared to April, so the retrace should also be more steep and have a shorter lifespan. Agree, agree, agreed. Dogecoin produced a perfect channel with higher highs and higher lows, the next move is a major jump with resistance at $0.70 and total growth potential reaching 240%. We can continue with this pattern and track the market long-term. It is what I do; it is what we have been doing for countless years now... And we are only getting started. The best is yet to come. Thank you for reading. Namaste.