DOGE Prints Bullish Setup With Breakout, Pullback, and Support at $0.196
2025-07-16 06:42:59
Main Idea
DOGE's price rose 5.05% to $0.200 with significant trading volume and volatility, facing resistance at $0.200 and forming a descending micro-channel with support at $0.196.
Key Points
1. DOGE rose 5.05% to $0.200, with trading volume spiking to 464.28 million, surpassing the 24-hour average of 287.95 million.
2. DOGE faced resistance at $0.200, forming a descending micro-channel with a floor at $0.196.
3. Breakouts occurred at $0.195 on strong volume during the 12:00 and 23:00 sessions.
4. Rejections at $0.200 indicate a near-term supply zone, with $0.195–$0.197 acting as a support consolidation zone.
5. A break above $0.200 with volume exceeding 400 million could confirm a push toward $0.21, while a breakdown below $0.195 would invalidate the rally setup.
Description
What to know: DOGE rose 5.05% from $0.190 to $0.200 between July 15 05:00 and July 16 04:00, trading in a $0.011 range with 5.48% volatility. Volume spiked to 464.28 million during the 23:00–00:00 window, crushing the 24-hour average of 287.95 million. Breakouts occurred at 12:00 and again in the evening session, lifting DOGE past $0.195 resistance. Final hour showed rejection at $0.200, with short-term pullback forming a descending micro-channel into $0.196. News Background DOGE’s breakout foll...
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