Usman Salis
Dogecoin just pulled off something interesting - it's holding support right where it needs to while keeping its bullish structure intact. The 6-hour chart shows DOGE consolidating above $0.275, and momentum indicators are still pointing up. This could be the calm before another storm.
Key levels to watch:
- Support: $0.275 (current consolidation zone) and $0.245 (critical downside level)
- Resistance: $0.30-$0.31 (major breakout target) with $0.35 as the next milestone
- Pattern: Stage 2 uptrend still active with higher highs and higher lows
DOGE is doing exactly what bulls want to see - it's holding above that crucial $0.275 support after its recent rally. Trader Jess B pointed out that the Stage 2 uptrend pattern remains solid, which historically means more upside could be coming. The chart's loaded with green signals showing consistent buying pressure, and that's not something you ignore in a trending market.
The Phantom Indicator keeps flashing bullish, which has been spot-on during DOGE's climb. This momentum tracker has a decent track record for catching continuation moves, suggesting there's still fuel in the tank for another leg up. When technical indicators align like this, it usually means the market's got more to give.
Here's what matters most right now: that $0.30-$0.31 resistance zone has been the ceiling for previous rallies, so breaking through there would be huge. If DOGE can punch above that level, $0.35 becomes the next realistic target. On the flip side, losing $0.245 would mess up the whole bullish structure and probably send things back into sideways action.
The bottom line? DOGE's uptrend is alive and kicking as long as it stays above $0.275. The next few sessions will tell us if this meme coin has what it takes to break past $0.30 and keep the party going. For now, the technical setup looks solid and the momentum is there - it just needs to prove it can push through that resistance wall.
Usman Salis
