DOGE Needs Weekly Close Above $0.241 to Unlock $0.75–$1.17 Upside
I’m in the DOGE trade because the chart presents a clear mechanical trigger: a weekly settlement above $0.241 would confirm a bullish engulfing at the mouth of resistance.
If price accepts through the $0.27–$0.30 band, the path reopens toward the mid-$0.30s and higher historical waypoints at $0.75 and the 1.618 extension near $1.17. Conversely, failure to hold the rising trendline pushes risk toward demand zones near $0.17 and $0.13.
As long as the sequence of higher lows remains intact the wedge frames a credible springboard; at press time DOGE trades around $0.242, so the upcoming weekly close is decisive.
Analysis
Recommendation
Wait for a confirmed weekly close above $0.241 to add or initiate positions; manage risk with the rising trendline and support zones ($0.17/$0.13) and size for volatility.
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.