DOGE: Weekly Close Above $0.241 Could Trigger Rally Toward $0.75–$1.17
I'm in the DOGE trade because the chart gives a clear mechanical trigger: a weekly settlement above $0.241 would print the bullish-engulfing confirmation I'm watching at the mouth of resistance.
If DOGE accepts through the $0.27–$0.30 band it can reopen the path to the mid-$0.30s and test the prior $0.48 rejection; failure to hold the rising trendline would push price toward demand zones near $0.17 and $0.13.
As long as the sequence of higher lows remains intact the wedge can act as a springboard to $0.75, with a fully developed impulse targeting the 1.618 extension near $1.17. At press time DOGE traded at $0.242.
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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.