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  Dogecoin remains in bullish territory, with key technical indicators showing the potential for further gains. Despite recent market volatility, Dogecoin has remained above key cloud levels, meaning historical data may once again support the bulls as bullish momentum builds. Dogecoin is firmly above the cloud and baseline According to the latest analysis published by trader Tardigrade on the X platform, the price of Dogecoin remains firmly above the cloud (Kumo) and baseline (Kijun-sen). This move is seen as a key bullish signal in Ichimoku analysis, and there are currently no bearish signs, indicating that the overall trend of Dogecoin remains bullish. Tardigrade further pointed out that the five previously opened long positions are now steadily profitable, indicating that the current bull market trend is still strong. However, he also warned that any future bearish signals would be a clear trigger to exit these positions.  From a technical perspective, the analysis updates two support levels to focus on. The main support is located at $0.24770, which corresponds to the baseline ； Secondary support lies within the cloud band, ranging from $0.21517 to $0.22214. These support levels are important because they are key areas where the market may usher in buying interest and prevent further price declines. The significance of trend analysis Tardigrade emphasized in the analysis that according to the signal of the Ichimoku Balance Sheet, the technical form of Dogecoin is still firmly bullish. Currently, Kumo (cloud) is green, which means the market trend is positive and buyers have the upper hand. In terms of the short-term outlook, Dogecoin is still trading above the baseline, a key indicator that distinguishes between bullish and bearish pressure. This move shows that despite the recent pullback, Dogecoin’s upward momentum remains, and short-term traders can continue to benefit from it. From a medium-term structure perspective, prices continue to remain above the clouds, further reinforcing the market’s bullish view. When prices remain above the clouds, it usually indicates that the market is in a confirmed bullish condition. Long-term signals and historical momentum Finally, the long-term trend is supported by the Chikou Span (lag line), which is currently above the price action. This shows that historical momentum remains in favor of buyers, further validating the positive trend of all Ichimoku signals. Overall, Tardigrade’s analysis score for Dogecoin is +4, indicating that Dogecoin is currently in a strong upward trend and there is no obvious bearish signal yet.  That’s it for today’s article. We are currently in a bull market and the situation is turbulent. We share passwords every day. If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us→ → → Scan the QR code to join the community👇No threshold and no fees  If you can’t add it via WeChat above, you can contact the author on the homepage! Penguin (QQ): 3965317191  |
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