DOGE price is stable, following the development of the bullish three-driving structure.
DOGE ( $DOGE ) The price continues to hold the support at $0.14, showing early signs of strength, as a potential triple drive reversal pattern is forming, with buyers re-entering the market.
The price of DOGE has returned to one of its key support areas, where repeated tests of the $0.14 level continue to attract demand. Despite the overall market weakness, this asset is beginning to show possible bullish reversal technical signs, as the structural pattern aligns with support from higher time frames.
With the change in sentiment, DOGE has recently gained institutional support, and Grayscale's ETF exposure provided new momentum at a critical moment in its price structure.
DOGE price key technical points
Strong defense at $0.14: Multiple daily closes above this level indicate that buyers are still actively protecting support.
Three driving modes have appeared: the price structure now seems to have formed a third corrective drive, entering support.
Key focus on the upside target: The confirmed reversal has opened the way to $0.21 and the potential 0.618 Fibonacci level at $0.24.
DOGE recently fell below $0.14, forming a brief breakout, quickly reversing, trapping the short sellers, and triggering a sharp rebound.
This kind of "false breakout" structure is typically associated with liquidity sweeping, where prices clear late sellers before reversing in the opposite direction.
The price is once again firmly trading above the support level of $0.14, marking consecutive daily closes higher in this area. The cyclical behavior of the price around this level is very similar to a bullish three-drive pattern that is forming, with each correction weakening as demand accumulates.
From a structural perspective, this setup increases the probability of upward expansion. Assuming that DOGE can maintain support and continue to form higher lows. In this case, buyers may attempt to push towards the next major resistance level of $0.21, followed by $0.24, which aligns with the 0.618 Fibonacci retracement.
However, if the $0.14 support level fails, it will invalidate the reversal that is forming and may reopen the path to deeper correction levels. Currently, the technical picture suggests that DOGE is building a potential bullish base, but confirmation is still needed.
In a broader narrative, Oak Mining's mobile cloud mining model provides users with a new way to earn BTC and DOGE daily, further enhancing people's attention to the asset, despite the uncertainty in the market.
What is the expected price trend going forward? If the three-drive pattern is completed and $0.14 continues to hold, DOGE may initiate a rebound towards $0.21 and $0.24. However, losing this support will generate new bearish pressure and invalidate the current reversal structure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
DOGE price is stable, following the development of the bullish three-driving structure.
DOGE ( $DOGE ) The price continues to hold the support at $0.14, showing early signs of strength, as a potential triple drive reversal pattern is forming, with buyers re-entering the market.
The price of DOGE has returned to one of its key support areas, where repeated tests of the $0.14 level continue to attract demand. Despite the overall market weakness, this asset is beginning to show possible bullish reversal technical signs, as the structural pattern aligns with support from higher time frames.
With the change in sentiment, DOGE has recently gained institutional support, and Grayscale's ETF exposure provided new momentum at a critical moment in its price structure.
DOGE price key technical points
Strong defense at $0.14: Multiple daily closes above this level indicate that buyers are still actively protecting support.
Three driving modes have appeared: the price structure now seems to have formed a third corrective drive, entering support.
Key focus on the upside target: The confirmed reversal has opened the way to $0.21 and the potential 0.618 Fibonacci level at $0.24.
DOGE recently fell below $0.14, forming a brief breakout, quickly reversing, trapping the short sellers, and triggering a sharp rebound.
This kind of "false breakout" structure is typically associated with liquidity sweeping, where prices clear late sellers before reversing in the opposite direction.
The price is once again firmly trading above the support level of $0.14, marking consecutive daily closes higher in this area. The cyclical behavior of the price around this level is very similar to a bullish three-drive pattern that is forming, with each correction weakening as demand accumulates.
From a structural perspective, this setup increases the probability of upward expansion. Assuming that DOGE can maintain support and continue to form higher lows. In this case, buyers may attempt to push towards the next major resistance level of $0.21, followed by $0.24, which aligns with the 0.618 Fibonacci retracement.
However, if the $0.14 support level fails, it will invalidate the reversal that is forming and may reopen the path to deeper correction levels. Currently, the technical picture suggests that DOGE is building a potential bullish base, but confirmation is still needed.
In a broader narrative, Oak Mining's mobile cloud mining model provides users with a new way to earn BTC and DOGE daily, further enhancing people's attention to the asset, despite the uncertainty in the market.
What is the expected price trend going forward?
If the three-drive pattern is completed and $0.14 continues to hold, DOGE may initiate a rebound towards $0.21 and $0.24. However, losing this support will generate new bearish pressure and invalidate the current reversal structure.
#GateChristmasGiveaway