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Over the past 30 days, $DOGE has dropped significantly from $0.10 to $0.07.
The current price level is acting as a potential support zone. A long position here could target $0.10 if the price holds above $0.07 and momentum turns bullish.
However, a breakdown below $0.07 could send #DOGE toward the next support level at $0.06.
Keep an eye on the $0.077 level for signs of strength. Always manage your risk and wait for confirmation before entering a trade $DOGE DYOR NFA
Gold Eyes a Bullish Reversal Despite the Bearish Structure
XAUUSD
Gold Eyes a Bullish Reversal Despite the Bearish Structure
Currently gold has broken out of the first area of the small structure. It may be possible that despite being under a bearish structure, we are in the third wave of the bullish movement and the price may rise further.
A very strong area will be encountered near the 4,060-4,070 large structure area. If the price manages to break this area, then we may be in an extended third wave and the price may rise more aggressively as shown in the green scenario.
If the price encounters resistance near 4,060, then it may move down to 4,030, but now lower before moving up again for the 5th wave (blue scenario).
It is a very complex situation, but in my opinion, despite being under a bearish structure, Gold may start an upward trend considering also the fundamental analysis that I have shared in the last two gold posts. $XAUT DYOR
#SUIUSDT I appears to be forming a potential Cup and Handle pattern, following a prolonged downtrend and a recent breakout above the descending resistance trendline.
SUI is currently trading around $0.9054, after making a strong recovery from the $0.62 to $0.65 support area toward $1.25. What makes this setup interesting is that price has already broken above the long-term descending resistance trendline, while the rounded bottom structure suggests a possible trend reversal. However, the recent rejection from $1.20 to $1.25 has pushed SUI back toward an important support zone around $0.80 to $0.87. This area is particularly important because it aligns with the 200-day moving average around $0.8659, the previous descending resistance trendline, and the potential handle formation. If SUI manages to hold above $0.80 to $0.87 and starts recovering, we could see another move toward $1.05 to $1.10, followed by a retest of $1.20 to $1.25. For the larger bullish structure to become stronger, SUI needs to break and hold above $1.25 with strength. If that happens, the next upside targets I'm watching are around $1.40 to $1.50, followed by $1.80, and potentially $2.20 if bullish momentum continues. But if SUI loses the $0.80 support area, the bullish setup becomes weaker, and price could drop back toward $0.70 to $0.65.
SOL is consolidating inside the falling wedge pattern. A breakout of the wedge will provide a bullish confirmation. On the other hand, breakdown of the wedge would invalidate the pattern.
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