Hunter calls his projected decline in the Dogecoin price a discount zone, suggesting an area where traders would find it more favorable to accumulate the meme coin. Related Reading: Dogecoin Price Hits Double Bottom To Trigger Massive Rally, Here’s The First Target The red horizontal line at $0.24 marks an order block, which is the critical resistance level at which Dogecoin’s price is set to react.
He highlighted that smart money operates in specific cycles, and traders should consider aligning their market entries with these CLS-based liquidity ranges to limit trade risks. DOGE Rebound Incoming: Buy Signal Confirmed In other news, Dogecoin could be getting ready for a potential price rebound, as its TD Sequential just flashed a buy signal on its daily chart.
On the bright side, the analyst suggests that this retracement will offer a discount for traders who aim to capitalize on the buy-dip opportunities and accumulate ahead of a potential increase. If it fails to break a key resistance area, the Dogecoin price could see another major drop to new lows at $0.125.
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