Dogecoin Weekly Support Dey Hold Above $0.21, Mid-Term Target Set for $1.85
Technical analysis dey show say Dogecoin don hold pass di EMA8, EMA13 and EMA21 for di weekly chart for four weeks straight. Dis setup, wey sometimes come before strong rallies for October 2023 and end 2024, dey confirm say $0.21 remain support and e dey indicate momentum dey shift to buyers side. Analyst MasterAnanda for TradingView highlight say trading volume dey increase and Fibonacci extension levels na main drivers. The intermediate targets dey for $0.31 (0.382 Fib) and $0.48 (0.618 Fib). If e fit break above $0.48, e go clear resistance near December 2024 highs and open road for $1.16 (1.618 Fib) then last last mid-term target $1.85 (2.618 Fib). As dem dey do analysis time, Dogecoin dey trade round $0.2324. Traders wey dey watch for better run go need well-sustained volume and weekly close price above these EMAs.
Bullish
Di confirmed weekly support wey dey above EMA8, EMA13, and EMA21—levels wey dem don observe say dem dey trigger strong rallies for 2023 and 2024—na signal say bullish momentum don strong again for traders. Di rising volume still prove say dis setup clear. Di Fibonacci extension targets for $0.31, $0.48 and $1.16 show clear middle milestones before di mid-term target of $1.85. Similar EMA arrangement before don lead to long upswings, meaning say both short-term breakout and sustained long-term uptrend fit happen if volume and weekly closes remain strong.