Headline: Dogecoin tests late-November supply zone after V‑reversal — $0.156 breakout could trigger the next leg up Dogecoin (DOGE) recently staged a textbook V‑reversal after slipping below a two‑week range at the end of December and is now pushing up against local resistance that stretches back to late November. That supply band could force a short-term pullback, but technicals suggest the selling pressure has eased — opening the door for a larger rally if buyers can sustain momentum. Key price history and technical context - DOGE broke below the $0.13 December low (a level it also visited in April) before reversing sharply in January. - On shorter timeframes the On‑Balance Volume (OBV) and Chaikin Money Flow (CMF) indicate selling pressure has moderated, while the Directional Movement Index (DMI) shows a previously strong downtrend is losing steam. - The memecoin’s price action highlights a common pattern: rallies can be very fast and require traders to quickly flip bias to capture impulse moves. For example, after a deep April pullback the token climbed above March’s lower high at $0.205 and by mid‑May had tested the $0.250–$0.265 supply zone — even though CMF stayed below +0.05, underlining that momentum readings can lag sudden price spurts. What traders are watching now - Immediate resistance: DOGE is challenging the late‑November supply zone and December highs. A breakout above $0.156 followed by a clean retest would be a bullish signal and a typical entry point for momentum traders. - Alternative entry: a pullback into the $0.135–$0.140 area would also present a lower‑risk buying opportunity if support holds. - Near‑term targets: $0.185 and $0.210 are logical next levels after a confirmed breakout. Beyond those, the $0.275–$0.290 zone represents a more substantial supply region to watch. - Bear trigger: a decline below $0.124 would invalidate the current bullish outlook and increase the risk of further downside. Macro caveat - While a sharp bounce is possible, investors should be realistic: Dogecoin is unlikely to reach new all‑time highs or $1 in the coming months. A broad upside continuation could fail if Bitcoin’s momentum falters — a BTC macro lower high would likely hand control back to sellers and cap rallies. Takeaway DOGE’s short‑term picture is constructive if buyers push price above $0.156 and hold it. However, the presence of a multi‑month supply zone and dependence on broader crypto risk appetite mean rallies could be quick and volatile — traders should plan entries, targets, and stop levels accordingly. Source: DOGE/USDT on TradingView Disclaimer: This article is for informational purposes only and does not constitute financial, investment, trading, or other advice. Trading cryptocurrencies carries high risk — do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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