Technical analysis by The_Alchemist_Trader_ about Symbol DOGE on 7 hour ago

Dogecoin price action has shown early signs of recovery after holding firmly above the weekly $0.10 region. The recent bullish reaction and multiple candle closes above the value area low suggest buyers are gradually stepping back into control. From a structural perspective, this establishes a short-term floor that could fuel a rotation higher. The next key technical zone lies around the $0.20 resistance level — a high-timeframe barrier where price previously faced strong selling pressure. As momentum builds, traders should monitor how DOGE behaves once it approaches this area, as rejection could trigger a deeper rotation. Key Points: - Support Zone: DOGE is holding above the weekly $0.10 support, showing early strength. -Resistance Target: The $0.20 mark acts as a high-timeframe resistance and potential rejection zone. - Range Formation: Price action may oscillate between $0.15 and $0.20, forming a clear short-term trading range. If bullish momentum continues, DOGE could retest $0.20 before facing possible rejection. However, failure to sustain above $0.15 could reopen the path toward lower liquidity zones and revalidate the broader range.