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DOGEUSDT
Entry 0.2233 2025-08-28 10:15 UTC
Target 0.2870
Fail 0.1900
Risk / Reward 1 : 2
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DOGEUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis focuses on the 1-hour timeframe for Dogecoin (DOGE), noting its struggle to sustain an uptrend. The analyst identifies a potential C-wave rally formation, targeting initial resistances at 0.243 and 0.256. Failure to break above these levels would keep DOGE within its current range, lacking evidence of a meaningful low. Since August, the market printed a five-wave advance followed by a three-wave corrective pullback, forming an AB pattern. Confirmation of the C-wave rally requires a micro five-wave move upwards, ideally with a breakout above a recent high, followed by a corrective three-wave pullback to form a higher low. A full-scale breakout could push DOGE above the swing high from July 21, located around 0.287. Prices are currently grinding sideways, suggesting sideways movement.
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