Analyst Giannis Andreou’s breakout-following strategy: DOGE must reclaim key resistance to open the way to 0.117. A breakout is only confirmed if volume picks up.
DOGE is currently at 0.0873, up 1.4% over 24 hours, and still consolidating below resistance. This matches the strategy’s wait-for-confirmation phase: a sustained move above the top of the trading range, accompanied by higher volume, would trigger the setup, with an upside target of 0.117. A failed attempt to break higher would send it back to test the range’s lower boundary. ETF developments and exchange fund flows remain weak, leaving the balance between buyers and sellers roughly even ahead of a breakout.
#DOGE
DOGE is currently at 0.0873, up 1.4% over 24 hours, and still consolidating below resistance. This matches the strategy’s wait-for-confirmation phase: a sustained move above the top of the trading range, accompanied by higher volume, would trigger the setup, with an upside target of 0.117. A failed attempt to break higher would send it back to test the range’s lower boundary. ETF developments and exchange fund flows remain weak, leaving the balance between buyers and sellers roughly even ahead of a breakout.
#DOGE