DOGE Coin Pump Alert: Bullish Momentum Ahead?
The weekly chart shows a bullish cup and handle pattern, signaling strong upside potential for DOGE. A confirmed breakout above the neckline, supported by the EMA Ribbon and Ichimoku Cloud, suggests further gains. However, the RSI at 71 indicates overbought conditions, which could lead to a short pullback before the next upward move. The market cap target is set at 1.4T, with strong support near the breakout zone.
The DOGE/USDT heatmap highlights significant liquidity zones at $0.40 and above, with heavy liquidation clusters. Current market activity suggests a period of price consolidation before a breakout.
Suggested Trade Levels:
Entry: $0.39216 or current market price
Targets:
1st Target: $0.41960
2nd Target: $0.44302
3rd Target: $0.47507
This signal is spot trading only. While DOGE looks bullish, remember to manage your risks carefully.