Head and shoulders outbreak points to $ 0.30

Dogecoin has confirmed a bullish and shoulder head, as the neck line was now decisive. A successful re -test can ignite the next main assembly in the DOGE PRICE work.

Dukwin (DodgeThe price movement turned into a decisive rise after leaving the head of the textbooks and the shoulder pattern, which is widely considered one of the strongest ups in the upscale reflection settings in technical analysis. This penetration has recently raised Doug to a 0.25 dollar swing. Now, with the neck line turning into support, traders closely monitor the re -test to confirm whether this step has enough momentum to the higher extension.

Main technical points,

• The outbreak of the head and shoulders: A certain structure with the violation of the neckline and the upscale follow -up
• The neckline support area: 0.21 – 0.22 dollars carrying the momentum keole
• Confirm size: Purchase volume flow during the penetration signals participating in the strong market

The head and shoulder pattern reveals for several weeks, as the price is carved a classic brown with the left shoulder, a deeper head, and a little right shoulder. The penetration occurred as soon as the neckline, which is located between $ 0.21 and $ 0.22, was violated sharply to $ 0.25.

What makes this penetration in particular is to confirm the size. The increase in trading volume while violating the neck line indicates a strong condemnation in the market, which is a major indication that this step is supported by real purchase interest instead of speculative momentum.

Now, all eyes are on the neckline support area. If Dogecoin returns to re -test the level of 0.21 – 0.22 dollars and is successfully suspended over it, this would verify the validity of the penetration and act as a launching platform for the next upward leg. Such a test may indicate that the demand is strong enough to maintain high prices, and buyers who are interested in jumping may encourage again.

On the other hand, failure to obtain this support can indicate a weakness in the structure and delay the following leg up. However, given the current force in the direction and the structure, the probability of continued ascension is still high, especially if the re -testing of support coincides with the increase in the size of another.

What can be expected in the next basic procedure

If Dogecoin holds the neckline 0.21 – 0.22 dollars on a re -test, expect the price to be re -test and the swing height may break $ 0.25. The definite penetration can pave the way for this level of goals at $ 0.28 and $ 0.30 in the short term.