🚀 Doge to the Moon? Why This Meme Coin is Barking Up the Right Tree! 🐶

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Ah, Dogecoin [DOGE], the plucky little pup of the crypto world, decided to take a tumble below its two-week range formation at the tail end of December. But fear not, dear reader, for it performed a V-reversal so sharp, it could slice through a block of cheddar like a hot knife! 🧀✨

At the time of scribbling this down, our furry friend was nipping at the heels of its December highs, ready to embark on a rally so grand, it’d make the Great Dane of Wall Street blush! 🐕💨

Now, let’s not forget that Dogecoin dipped below the $0.13 mark in December, a low it hadn’t seen since April. But like a resilient little rascal, it bounced back with the enthusiasm of a puppy chasing its tail! 🐶💫

January brought a swift upward wag in DOGE prices, though the long-term trend still had its leash firmly in hand. The OBV and CMF, those clever little indicators, hinted that the selling pressure was starting to pant and take a breather. Demand, my friends, is the kibble that’ll keep this doggo’s uptrend going! 🦴💪

The DMI, ever the grumpy chihuahua of the bunch, signaled a strong downtrend, but even it was showing signs of softening-perhaps it’s time for a belly rub? 🐕😉

Cast your mind back to the first week of April, when the downtrend was deeper than a basset hound’s drool. Fast forward a month, and DOGE had leaped past the $0.205 mark, a previous lower high set in March. By mid-May, it was sniffing around the $0.250-$0.265 supply zone, though the CMF remained as stubborn as a bulldog below +0.05. This just goes to show: memecoin rallies are quicker than a jackrabbit on espresso, and traders must be as nimble as a feline to catch these impulse moves! 🐱☕

Taming the Bullish DOGE Expectations

Now, don’t go thinking Dogecoin will be fetching new all-time highs or hitting $1 anytime soon. The more likely scenario is a jaunt to local highs like $0.21 and the $0.275-$0.290 supply zones. After that, the sellers might take the reins, especially if Bitcoin [BTC] decides to take a nap. It’s all part of the bear market’s grand siesta, you see. 🐻😴

Traders’ Call to Action – Buy (But Not Just Yet!)

Hold your horses-or should I say, your hounds! Dogecoin is currently lounging in a local supply zone from late November, which might lead to a price pullback. The technical indicators, however, are as bullish as a bull terrier on a bone. 🐂🦴

Bulls, take note: wait for a breakout past $0.156 and a retest to snap up some DOGE. Or, if you’re feeling patient, a pullback to $0.135-$0.140 could be your golden ticket. The next targets? $0.185 and $0.210, of course! But beware: a drop below $0.124 would send the bullish bias to the doghouse. 🐶🏠

Final Barks

  • The Dogecoin rally could soar as high as $0.3, though the 3-day structure was as bearish as a grumpy old pug at the time of writing. 🐾
  • Bulls, keep your eyes peeled for a dip to $0.135 to buy in, or use a breakout past $0.156 as your signal to join the pack. 🐕💰

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2026-01-07 04:11