Dogecoin Eyes Bounce from Key Trendline: $0.30 in Sight?

According to a recent analysis by @ali_charts, a pullback to the $0.14 level could offer a prime accumulation opportunity before a potential breakout.

The weekly chart highlights a clean technical structure, with DOGE currently trading around $0.17, just above the 0.5 Fibonacci retracement level.

If this support holds, the chart suggests a possible rebound targeting the 0.786 Fibonacci level at $0.30, which also aligns with previous resistance zones.

The trendline, which extends from DOGE’s late-2023 breakout, has successfully cushioned past retracements. A bounce from this zone, combined with improving sentiment across meme coins and altcoins, could mark the start of a bullish leg higher.

However, failure to hold above this trendline may invalidate the setup and expose DOGE to further downside toward the $0.13–0.12 range.

The post Dogecoin Eyes Bounce from Key Trendline: $0.30 in Sight? appeared first on Coindoo.