DOGE Retests Point of Control With Bullish Reaction

DOGE is attempting to reclaim its local point of control, a major volume resistance. A close above this level with volume support could trigger upside continuation.

DOGE has shown a bullish reaction at the main trend point, with buyers stepping in to defend the structure. The key test now lies at the local point of control, a critical volume-defined resistance level.

Key Technical Points:

- Bullish Reaction at Trend Point: Market participants showing demand.

- Point of Control Resistance: Closing basis above this level is crucial.

- Potential Rally Toward $0.618: A confirmed breakout would open the path higher.

Price action suggests DOGE is preparing for continuation, but the market needs confirmation through volume influx. Once volume aligns with price closing above the point of control, probability for upside acceleration increases significantly.

What to Expect in the Coming Price Action

DOGE’s short-term outlook remains bullish, provided price holds above the point of control. A volume-backed breakout would set the stage for a run toward $0.618, while failure here risks renewed range trading.