Doge Bounces at Key Retracement Level
Doge Bounces at Key Retracement Level
Dogecoin / TetherUS BINANCE:DOGEUSDT
Ochlokrat
Much has been said about Doge. Setting aside opinions, we focus here on the chart analysis: and it is clearly bullish. We see in the weekly chart that the Doge price bounced precisely at the 61.8% retracement of the upward movement between October 2023 and March 2024. Additionally, the weekly candle of the first week of May formed a long lower wick. Therefore, we position ourselves long and choose the target area at 0.35 USD.
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