Dogecoin Dips But Traders Identify This Critical Support Zone For A Bounce
Posted On November 1, 2024
Dogecoin’s (CRYPTO: DOGE) recent price drop has traders speculating about entry points in case a bullish rally resumes.
What Happened: Trader Crypto Daily Trade Signals highlighted a “cup and handle” formation on Dogecoin’s daily chart, a pattern that started in June 2024 with a consolidation phase in October. He identified $0.15 as a critical support zone, suggesting a bounce from here could propel DOGE to $0.22, signaling bullish potential.
The “cup and handle” pattern is a bullish signal in technical analysis, often indicating a potential for …
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