Hi!
As shown on the chart, DOGE has clearly broken above the long-term descending trendline, which had been acting as resistance for several weeks. Following this breakout, price moved higher and confirmed the shift in market structure.
Importantly, the breakout was supported by a strong bullish engulfing move, taking out the previous local high. This price action strengthens the case for a trend reversal rather than a simple relief bounce.
After the impulsive move up, DOGE is now pulling back toward a key demand zone around $0.11–$0.13, which aligns with prior structure support and the breakout retest area. This zone offers a favorable risk-to-reward opportunity for long positions.
As long as price holds above this support, the upside target remains around $0.17, which corresponds to the next major resistance level and the projected move from the breakout.
✅ Trade here on $DOGE
