Top Trader Labels $0.11 Dogecoin an ‘Incredible Opportunity’ — Potential 4.5:1 Risk-Reward Buy Zone
A popular trader, Matt Hughes (The Great Mattsby), identified Dogecoin (DOGE) around $0.11–$0.12 as a high-reward/low-risk entry on the weekly chart after five consecutive weekly red closes. Hughes pointed to a trendline support — previously validated in November 2024 when DOGE bounced from the same area near $0.45 — and suggested a stop-loss below $0.11 with an upside target near $0.45, implying a roughly 4.5:1 risk-reward ratio. Recent on-chain and market data show DOGE fell ~67% in 2025 amid a meme-coin selloff but has seen a 2.8% intraday gain and a 79% jump in trading volume as it briefly tested support below $0.12. Analysts note that a decisive move above $0.14 would invalidate the bearish structure, opening targets at $0.18 (near the 200-day EMA) and $0.27. The article also mentions a meme-coin presale project, Pepenode (PEPENODE), promoting a mine-to-earn game and tokenomics that include up to 70% token burns. Key implications: DOGE traders should watch $0.11–$0.12 support, volume confirmation, and a break above $0.14 for bullish confirmation; risk management via stop-loss below $0.11 is highlighted.
Bullish
The news is bullish for DOGE traders because a prominent trader has highlighted a clearly defined support zone ($0.11–$0.12) with a favourable risk-reward (≈4.5:1) and a suggested stop-loss below $0.11. Short-term bullish case is supported by rising intraday volume (+79%) and a small price uptick (2.8%) from recent lows, which indicates buying interest at the identified support. A confirmed break above $0.14 would invalidate the prevailing bearish structure and likely trigger a move toward $0.18 (200-day EMA) and $0.27, giving measurable upside targets. Historical precedent — the November 2024 bounce from the same support area — strengthens the setup’s credibility. However, the bullish view is contingent on volume confirmation and price action; a failure to hold $0.11 would reopen downside risk. For traders, the item functions as a trade idea: enter near support with tight stops, monitor volume and $0.14 as a confirmation level. Comparably, previous meme-coin cycles showed sharp rebounds once concentrated buying and technical breakouts occurred, but they also reversed quickly when macro or sentiment drivers shifted, so position sizing and stop discipline are essential.