Dogecoin at Critical Level ⚡ – Retesting Point of Control 📊
Franklin_LFG
Updated at: 2 hours ago
{"content":"Dogecoin at Critical Level ⚡ – Retesting Point of Control 📊🚀
Over the last week, Dogecoin has risen. Meme cryptocurrency has pushed near the top of a daily candlestick consolidation range.
The_Alchemist_Trader's TradingView analysis suggests that Dogecoin is retesting its point of control with a bullish response that might drive it to $0.35 in the near term and $0.6 in the long run.
Dogecoin Retesting Control
The study shows that Dogecoin is challenging its point of control, a high-volume resistance region that has shaped its trading structure in recent months. Price activity dates back to February with clear upper and lower trendlines.
Interestingly, price action activity in the previous 48 hours reveals buyers are actively buying at $0.25, the midpoint of this range. This is crucial; a daily close above the point of control with substantial volume would signal an upward recovery from range-bound movement.
Dogecoin rebounded at $0.2 last week, laying the groundwork for another rise. The expert expects Dogecoin to close above its control resistance next.
Target $0.35 using Fibonacci Levels
Fibonacci extension levels have reliably indicated Dogecoin profit-taking and continuation levels in current cycles. Thus, experts often cite price objectives at significant Fib levels.
The expert observed that a breakthrough over $0.25's point of control leads to the 0.618 Fibonacci retracement line. Around $0.35 is the main upside goal in the present scenario.
The chart below illustrates a rally pattern for this breakthrough with a clear path to 0.618 Fibonacci extension. If momentum continues, this includes extensions to $0.36 at the 0.66 Fib extension and $0.4 at the 0.786 Fib extension.
Dogecoin's bullish domination over its consolidation range since February would be confirmed with a climb above $0.35. Dogecoin may rise over $0.3 again.
#DOGE #MarketRebound #Write2Earn #AITokensRally $DOGE $BTC $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/14/17d963ec392b48bcbec93e28a7c512f7.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}