Dogecoin Analysis with a Buying Opportunity

Dogecoin has started to rise after bouncing off the daily demand zones and breaking the downtrend line, as shown on the chart.

If the current 4-hour candle closes near the high, we expect to see the cryptocurrency continue its upward movement towards the targets indicated on the chart.

Expected Targets

Currently, the 4-hour candle is a very important indicator. If the candle closes near the high, this is a very strong signal of an upward move in the short and medium term. We expect to see the cryptocurrency rise towards the targets at 0.10200 and 0.11000, respectively, as shown on the chart.

Also, if the price falls and tests the overlapping demand zones on the 4-hour chart near the 0.09370 level, we expect to see the cryptocurrency rise again, provided the current candle closes near the high, as mentioned.

If the candle closes near the middle, the opportunity is considered void and we will wait for any new price behavior from the demand zones for the 4-hour timeframe.