Dogecoin Price completes daily trend disruption, why $0.42-$0.43 supply zone next
Dogecoin (Doge)the world’s largest meme coin is completing a major technical break in a daily time frame, sparking new optimism among analysts. The next few weeks Mergers and price dropsDogecoin finally got rid of the long-term downtrend, opening the door to potential gatherings in the next support zone, between $0.42 and $0.43.
Dogecoin Daily Trend Break Break sets main upside
According to Bitcoinsensus of X (formerly Twitter), Dogecoin’s price action is exhibit The obvious trend break opportunity every day indicates potentially strong growth to the new support range between $0.43 and $0.42. Experienced health and control Price dropsDogecoin appears to be preparing for a new breakthrough, with analysts predicting that it may take place within the next seven days.
It is worth noting that this instant daily trend disruption is supported by a much larger technical form: a well-defined Head and shoulder diagrams. Bitcoin’s chart shows that Dogecoin has formed this unique technological model between March and May 2025.
Looking at the chart, Doge’s head and shoulder structure consists of three main price drops: the left shoulder, which was founded in March, the deeper head and right shoulder in April, and the right shoulder was completed in early May. This construct collective signal indicates Dogecoin’s market sentiment It may be changing from bearish to bullish.
Key resistance area, called Necklines for the head and shoulders, It has been broken and confirmed the pattern. The breakthrough above the neckline in early May marks the beginning of Dogecoin A broader trend reversal After months of decline and integration.
After breaking through the neckline, Dogecoin performed a textbook retest, confirming its Bullish settings. Added positive motivation, and the meme coins were decisively Downward trend line This has been a drag since the end of 2024. Since then, the price has formed a higher low on the chart, indicating that buyers are defending the area.
Bitcoin reveals domycin The next key resistance area Located between $0.42 and $0.43, this is a former supply area where sellers lowered the price. If the price of Meme Coin can increase significantly with large quantities, the analysis shows that it can trigger a rapid and continuous gathering to new highs.
Doge sets to momentum rise to $0.26
Dogecoin prices currently show signals of potential gatherings Bullish momentum. The popular Meme coin is currently at $2.3, with its key resistance level of $0.239. Technical Analysis By Ali Martinez, a well-known crypto analyst.
If the price succeeds above this resistance level, Martinez predicts that it could open a path for a sharp episode in the next target area and then about $2.51 before reaching the $0.265 level. Analysts The prospect of the guardian of Dojihe also warned that a breakout below resistance could lead to a pullback at the support level, about $0.227, $0.221 and $0.215.
Featured Images from Getty Images, TradingView.com Charts
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