$DOGE /USDT – Bullish Reversal from Key Support with Fibonacci Confirmation! 🚀
$DOGE is grinding higher at $0.15002 (+1.11% today) after a decisive bounce off the 0.618 Fibonacci retracement level (~$0.1475, aligning with the 24h low), forming a bullish engulfing candle amid rising volume (302.93M DOGE traded). This rejection of the multi-week downtrend low signals exhaustion of sellers, especially with the meme coin sector heating up—
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PoW volume narrative intact; this looks like the start of a momentum shift.
**Trade Setup (Long on Volume Confirmation):**
Entry range: $0.1485 – $0.1515 (current price or shallow retest of Fib support)
Target 1: $0.1620 (0.382 Fib extension)
Target 2: $0.1800
Target 3: $0.2000 – $0.2200 (prior swing high & 1.0 Fib extension)
Stop Loss (SL): $0.1465 (below 24h low & Fib invalidation)
Risk/Reward: 1:5+ across targets
**Short-Term Outlook:**
Strongly bullish above $0.1480–$0.1500, with next 3–7 days targeting $0.18+ if BTC holds steady (analysts eye $0.17 by Dec end<grok:render card_id="79a3b4" card_type="citation_card" type="render_inline_citation">
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</grok:render>). Watch for Elon tweets or meme rotations; breakdown below $0.1470 flips to bearish, eyeing $0.13. Fundamentals like uncapped supply and tipping utility keep it resilient—altseason vibes building.
Don't fade the Doge army—such wow, much rebound! 🐕💎
#DOGE #MemeCoinRevival #FibBounce #CryptoTrading