Dotecoin Has not yet regained The price level of $ 0.3 due to bearish price campaign in the past few weeks, but the technical analysis shows that this is the case Definitely for a run above double -digit digits. In particular, a technical outlook on the TradingView platform shows that the Price table from Dogecoin is currently playing a Makro Breakout setup that could send it to the price goal of $ 11.16.
Makro -Breakout setup says that Dogecoin up to 11 US dollars
A New analysis for the trading view Sketched a macro breakout setup that could displace Dogecoin in the direction of the price target of 11.16 US dollars. In the analysis, a well -defined technical structure was emphasized that supports this step, with the key resistance and outbursts form a roadmap for a long -term rally. In particular, the execution of some decisive formations in this cycle also gives the outlook of the long -term rally by Doge.
A decisive aspect of this setup is Dotecoin’s Completion of an Adam and EVA structure After its outbreak in the fourth quarter of 2024. In this breakout, Dogecoin rose over the multi-year level of resistance before a critical liquidity zone reached around $ 0.475. After typing for this level, however, Doge looked like a rejection. According to the analyst of TradingView, this rejection is not a sign of weakness, but a necessary part of the wider bullish macrostructure, since it sets the conditions for a stronger replacement phase.
Dotecoin has withdrawn since then It achieved this multi-year-old multi-year-peak of $ 0.475 within a corrective ABC structure. This retracement now stops Doge act directly Strong support at $ 0.25. In this support region, this support region is expected to strengthen the purchase pressure and serve as a launchpad for the next significant price movement, provided that it can continue to hold.
This structural setup in the resumption increases the optimistic views and a stronger movement upwards. According to the analyst, the fully measured movement projection of this macrostructure places the macro target to $ 11.16.
Dogecoin must break the excerpt resistance
The analyst found a critical level of resistance that could invalidate the outbreak to the macro target to 11 US dollars. Remarkably, this critical resistance is located around the neckline of the macrostructure. If Dogecoin successfully breaks and holds over this level, this would trigger a movement above the current all -time high.
According to the analysis, this key resistance is set near $ 0.70787, which is just under Dopegoins all -time high of USD 0.7316. In view of the current price of Dogecoin of 0.26 US dollars, an increase in this level of resistance would only be an impressive increase of 172% and already offer significant returns for investors at the current level. However, they reach this resistance Is not the end goal at the price. The end goal is to break over double -digit digits.
The expectation is that a strong rally for excerpt resistance could create the necessary dynamic to bring Doge into the price discovery, provided the wider market remains optimistic.
Selected picture of Adobe Stock, diagram of tradingview.com