Saad Ullah
Dogecoin is flashing one of the most reliable technical patterns in the book. Trading at $0.247, DOGE just printed an inside day - a smaller candle tucked within the previous day's range.
What the Chart Shows
As CRG candid comment highlights, this kind of price compression usually means one thing: a big move is coming. The question isn't if, but which direction.
- Inside Day Formation: DOGE squeezed into a tighter range after yesterday's action, creating textbook compression
- Support Zones: $0.243 and $0.234 are holding firm as key floor levels
- Recovery Signs: After hitting lows around $0.23, the coin bounced back with a strong green close
- Resistance Ahead: $0.26-$0.27 is where previous rallies got shut down
Why This Setup Matters
DOGE has been through the wringer, dropping from $0.32 highs before finding some stability. That kind of washout often brings in the dip buyers. Meanwhile, Bitcoin's sideways action has given altcoins room to breathe, and meme coins are getting fresh attention from retail traders. Inside day breakouts have a habit of triggering follow-through buying as momentum builds.
Support sits at $0.243 and $0.234 - lose these and the bullish case falls apart. On the upside, $0.26-$0.27 is the immediate test, with $0.30 coming into play if that breaks. The real confirmation? A close above $0.26 on solid volume would seal the deal.
Saad Ullah
