Dogecoin Bullish Harami Pattern Dey Show Say E Fit Rebound Pass $0.20
Dogecoin don form one Bullish Harami pattern for the daily chart, wey fit mean say trend fit change early after e don dey fall from July 27 reach August 2. The pattern show when small bullish candle close inside the range of the bigger bearish candle wey come first, e mean say sellers dey slow down and buyer dem dey gain momentum above the important $0.20 support level.
Price don siddon steady above $0.20, with 24-hour trading volume of $1.43 billion and market capitalization of $30.38 billion, as CoinGecko talk am. More than 818,000 DOGE tokens don enter investor portfolio as the downtrend line don change become support, e dey make market confidence strong around recent low points.
Market analyst Chris talk say Dogecoin successful retest of its bull market support band “fit be the ultimate shakeout before the real fun start.” The continuous accumulation and steady volume trend dey support cautious optimism.
Traders need watch for clear move pass recent highs and continuous volume increase to confirm say the uptrend go last. To keep the $0.20 support level go be key to prove the Bullish Harami reversal signal.
Bullish
Di Bullish Harami pattern wey dey pass di $0.20 support level, plus stable trading volume and di accumulation of 818,000 DOGE, dey show say selling pressure dey reduce and buyer momentum dey strong. If di downtrend line retest as support succeed, e mean say classic reversal setup dey. Historically, similar Harami dey show di way for sustained upward moves for altcoins if volume confirm am. For short term, traders fit enter long positions to catch di expected rebound. For long term, if key support maintain and Dogecoin breakout pass recent highs, e fit prove say new bullish phase don start.