DOGE/USDT 1H Chart: Double Top or Expanding Triangle in Play?

13 May

Dogecoin is serving up some spicy setup!

We’re seeing a Double Top pattern forming, with DOGEUSD currently at $0.22 — right at the bottom line of this bearish formation. The two peaks hit resistance around $0.25, signaling potential downside.
However, if DOGEUSDT drops to the key support at $0.20, this pattern could evolve into an Expanding Triangle (Megaphone), which might set the stage for a bullish reversal!
I’m eyeing a long entry at $0.20.
If DOGE holds this level and breaks above the Double Top resistance at $0.25, we could see a surge toward $0.27 and beyond!
On the flip side, a break below $0.20 could lead to further downside, possibly testing $0.18.



Key Levels to Watch:

Resistance: $0.25 (Double Top resistance), $0.27
Support: $0.20
Breakout Target: $0.27+
Breakdown Risk: $0.18

Will DOGE bounce from $0.20 and rally, or are we in for a deeper dip? Let’s hear your thoughts below!

13 May

İşlem aktif

Beautiful!

15 May

İşlem kapandı: hedefe ulaştı