Ali Charts|Apr 16, 2026 00:02
Dogecoin DOGE: Reality Check
DOGE had a clear fakeout yesterday as it attempted to break out of a descending triangle on the 12-hour chart.
The descending trendline held firm as resistance, immediately rejecting the price. When a breakout fails this sharply, the market usually looks for liquidity at the bottom of the structure.
We are now likely heading for a retest of the triangle's floor (the X-axis) at $0.088. This is the definitive line in the sand. If it holds, we reset and try again. If it breaks, the bears take control.(Ali Charts)
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink