Technical analysis by ProR35 about Symbol DOGE on 8/5/2025

After a 13 day rally and a 12 day pullback, could DOGE be breaking out and confirming a new 4H trading range? After a bounce off the bullish orderblock DOGE has broken out of the diagonal downtrend, then pulled back to retest the previous diagonal resistance level as new support. This is a textbook breakout play & retest but this doesn't 100% guarantee the breakout will be successful. Should it be a successful breakout Local Resistance is the first clear level of interest for the bears to fight back. This type of setup does give a clear invalidation should price fall back into the downtrend with acceptance. A fakeout could also lead to a loss of the Major Support level, that would introduce a potential revisit of $0.166.Trendline break is still acting as new support but not yet putting in higher highs so no structure shift just yet.Breakout looking good so far, flipped structure with a new Higher High. Looking to rally towards that local resistance area now.DOGE hits the first target zone for a +14.8% move so far. I would be cautious around this area until there is clear price acceptance above it. Currently RSI is entering oversold as well.Major resistance tagged to close out the trade +26.05% moveRejection off major resistance lead to a retest of the local resistance, now testing as support.Bullish reaction off the local resistance, rallied up to major resistance once again. +12.8% move