DOGE: Demand Zone Support with Bullish Potential on Binance/
$DOGE is currently trading within a daily demand zone, a price range where buying pressure has historically driven rallies. This aligns with past price movements where similar demand zones preceded significant price increases.
Adding to the bullish sentiment, the lower trendline is acting as support, preventing further price dips. However, DOGE faces a hurdle in the form of daily trendline resistance. A successful breakout above this resistance is crucial for a continuation of the bullish trend.
Stay tuned for:
Confirmation of a breakout: If DOGE can break above the daily trendline resistance, it would signal a potential surge in price.
Volume: Monitor trading volume alongside price action. Increased volume during a breakout would strengthen the bullish case.
This is not financial advice.