DOGE Bullish If Weekly Closes Above $0.241 — Targets $0.75 and $1.17
I’m bullish on Dogecoin because the setup is mechanical and visible: a weekly settlement above $0.241 would print the bullish-engulfing confirmation I’m watching at the mouth of resistance. At press time DOGE trades at $0.242, so the immediate trigger is live if that weekly close holds.
If price accepts through the $0.27–$0.30 band it reopens a path toward the mid-$0.30s and higher targets, with $0.75 as the first historical waypoint and the 1.618 extension near $1.17 as a longer-term impulse objective. I’ll be watching the rising trendline—failure to hold it would shift focus to demand zones near $0.17 and $0.13.
I remain constructive while the sequence of higher lows is intact and I’ll manage risk with stops below the trendline or beneath the key demand zones if momentum fails.
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Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.