Dogecoin recently faced a slight pullback after hitting a fresh high, but overall momentum remains firmly unharmed. The key one-sided indicators continue to align in the Bulls’ favour, reinforcing the strength behind the trend.
Pullbacks cannot swing bullish structures
X analyst Trader Tardigrade said in a recent update that he’s seen a pullback after Dogecoin (Doge) reached its recent high. Despite this retracement, the overall structure remains robust, suggesting that the market still favors strength for a higher time frame.
Analysis shows that unilateral indicators continue to show strong alignment. The setup strengthens bullish prospects as the cloud and keyline continue to support continuous momentum.
The update also highlighted that five previous long transactions remain highly profitable. There is no reason to finish these positions yet, as bullish situations are retained. These profitable transactions consistency highlight the reliability of one Schimoku signal when tracking Dogecoin performance.
However, analysts have revealed that profitability is only triggered by bearish signals. Specifically, attention is paid to the possibility of Tenkan-Sen/Kijun-Sen Cross. This is a transformation line that moves below the baseline, indicating a change in momentum.
Key Levels and Uptrend Score
Furthermore, trader lateness outlined the key support levels of DOGE based on one-sided analysis. Kijun-Sen offers immediate support for $0.24770, while the broader support zone on Kumo Cloud is between $0.21517 and $0.22400. These levels are considered important areas where buyers intervene to maintain bullish structures.
Analysts also noted the importance of green, the current colour of Spider Cloud. This reflects bullish bias in the market and adds another confirmation layer to the ongoing uptrends. When Cloud trends positively, momentum appears to prefer bulls.
To further break down the trend, the short-term outlook shows price trading above Kijunsen, with signaling continuing upward pressure. In the mid-term, doges remain above the spider clouds, further strengthening the bullish momentum lawsuit.
On the long-term chart, the Chikou span is above prices, enhancing the wider upward trend. Overall, these conditions result in an overall single composite score +4, indicating a strong uptrend across multiple time frames. Such alignment suggests that Dogecoin is well positioned to expand strength if the support level is retained.
In summary, the technical data presented by Trader Tardigrade supports his previous assessment. The current position of Doge, supported by the bullish indicator’s full alignment and a total score of +4, confirms a strong uptrend.
