Usman Salis
Dogecoin just hit one of those rare moments that could define its next big move. We're looking at something pretty special on the charts - two major trendlines are converging right where DOGE is trading now. You've got a former bearish line that's flipped to support meeting up with a bullish ascending line.
Why This Chart Setup Matters
BATMAN recently pointed out that this intersection needs to hold if DOGE wants to keep its momentum going.
The 2-day DOGE/USDT chart tells the whole story. There's this bearish trendline that used to crush rallies, but now it's actually supporting the price. At the same time, there's an ascending line that's been pushing DOGE higher since summer. Both lines meet right around $0.24-$0.25, and that's exactly where we're sitting at $0.2466.
DOGE already showed it can move when it recovered from those brutal $0.13 lows earlier this year, pushing all the way up to $0.28. The recent pullback brought it right back to this intersection support - the exact spot bulls need to defend. If they do, chart projections are pointing toward $0.28-$0.30 pretty quickly.
What's Driving This Setup
The technical structure here is solid because you've got double confluence reinforcing the support. That makes a steep breakdown way less likely if buyers actually show up. DOGE has always been reactive to retail buzz and social media hype, which tends to amplify these technical patterns when they hit. Plus, with Bitcoin holding its key levels, altcoins like DOGE often catch a bid from broader crypto liquidity.
Key Support: $0.24-$0.25 - this is the line in the sand for bulls Upside Targets: $0.28-$0.30 near term, with room to run higher if volume picks up Downside Risk: Break below $0.23 kills the setup and opens up $0.20
Usman Salis
