DOGE Tests Kijun-sen Support Amid Bullish Cloud Expansion
Dogecoin (DOGE) has retreated to the Kijun-sen level at $0.085, where it's finding support after reclaiming the cloud on the H4 chart. Historically, this zone has acted as a support level for DOGE in the last six months of price action.
The forward Kumo continues to expand bullishly, and major cloud support sits at $0.083. This keeps the overall structure constructive above these zones.
However, if DOGE closes decisively below the Kijun-sen, it could trigger a deeper retracement towards prior swing lows. Currently, the price is testing the upper Bollinger resistance while the RSI(14) sits at 46.39 and the MACD prints a death cross at 0.0.
This setup suggests a healthy retracement toward the 50-EMA support at $0.08 before any potential continuation attempt. Traders are now focusing on whether DOGE can reclaim the $0.096 level, which could trigger follow-through to the $0.1 swing high.