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According to a recent post by C0d3slayer on X, Dogecoin is beginning to show early bullish signals following a brief pullback. He noted that the 1-minute chart is starting to display subtle shifts in momentum that a short-term recovery could be taking shape. While often overlooked, these micro-level patterns are catching active traders’ attention, scanning for early entries before the next significant price move.
In the absence of a breakout, the early formation of higher lows and buying activity offers a glimmer of bullish potential. As the market gauges its next move, DOGE may be quietly setting the stage for a near-term upside surprise.
Technical Patterns Reveal Bullish Setup
Based on C0d3slayer’s recent observation, after briefly dipping to around $0.15100, the price rebounded sharply with a noticeable surge in trading volume, an indication of strong buying interest returning at lower levels. This bounce suggests that traders were eager to scoop up DOGE at a discount, hinting at growing confidence among bulls.
Currently, DOGE is trading near $0.15385, holding slightly above a key support zone that has historically acted as a pivot area for price action. The ability to maintain this level could serve as a solid foundation for further gains, especially if momentum continues to build. This zone is technically important for traders who view it as a line between short-term weakness and renewed strength.
He further highlighted the $0.15100 – $0.15120 range as a key reaction zone, where DOGE saw a strong bounce, signaling firm buyer interest at that level. He also identified $0.15250 as a short-term accumulation area, suggesting that traders may be gradually positioning for a potential breakout.
According to his analysis, the chart structure hints at a possible W-pattern, commonly known as a double bottom. If the price continues to build momentum above these levels, this setup strengthens the case for a recovery.
Bullish Vs. Bearish Scenarios: What’s Next For Dogecoin?
At this critical juncture, DOGE sits between key technical levels that could determine its short-term direction. On the bullish side, C0d3slayer noted that a break above the $0.15450 resistance, backed by strong volume, would signal upside potential. In that scenario, price targets of $0.15550 and $0.15650 come into play, aligning with recent reaction zones and short-term momentum shifts.
Conversely, a failure to hold above $0.15250 could trigger a retest of the $0.15100 support region. A drop below this level would weaken the bullish case, possibly invalidating the current reversal structure. If selling pressure intensifies below $0.15100, DOGE may slide further, suggesting bears have regained short-term control.
Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
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