Dogecoin Price Taps IMB Zone – What This Means And Where The Price Is Headed

The Dogecoin price has reached a key point on the charts, tapping into the Imbalance Zone (IMB) around $0.24. This area now stands as a potential pivot point that could determine whether the popular meme coin rebounds toward $0.27 or continues its ￰0￱ are watching the zone closely, suggesting it could be a make-or-break moment for Dogecoin’s short-term ￰1￱ Price Holds IMB Zone As Bulls Eye $0.27 Crypto analyst ‘Blockchain Baller’ disclosed on X social media on Thursday that Dogecoin has “tapped the IMB zone after a clean manipulation and structure break,” signaling the potential end of a corrective ￰2￱ the time, the analyst’s 4-hour chart showed DOGE hovering around the $0.235 – $0.245 region—an area that historically acts as a liquidity zone where price inefficiencies often get filled before a move ￰3￱ Reading: Sinking In Minutes: Binance Alpha Token Plunges 99% In Shocking Price Meltdown Blockchain Baller asserts that manipulation and structural breaks are both classic signs that the market may be preparing for a ￰4￱ analyst notes that price has reacted multiple times in the same region, showing that buyers are stepping in to defend the ￰5￱ chart analysis also highlights the zone between $0.235 and $0.245 as the critical decision point for DOGE ￰6￱ price climbs back to this level and holds it as support, Blockchain Baller predicts a short-term rebound toward the $0.26 – $0.27 ￰7￱ a bullish confirmation, the analyst suggests that the price would need to break above “short-term resistance“ with increasing ￰8￱ now, Dogecoin’s immediate path seems to depend on how it reacts to the IMB ￰9￱ Baller has indicated that a strong bounce could mark the beginning of a new impulsive leg, while a breakdown below $0.235 could temporarily delay ￰10￱ Price Targets $6 Amid Market Decline On a broader timeframe, crypto market expert Kaleo has pointed out that Dogecoin’s market structure is gradually positioning itself for a major upward ￰11￱ long-term chart analysis draws striking parallels between DOGE’s current price action and the previous cycles observed before each Bitcoin halving ￰12￱ the past, Dogecoin has consistently broken out from long-term descending triangles shortly after a Bitcoin halving, leading to explosive price rallies.

Kaleo’s chart shows DOGE’s past rallies from similar formations produced gains of over 20,000% in 2021 and 30,000% in 2027. Dogecoin’s price action currently mirrors these exact setups, suggesting that its price could be preparing for a historic move ￰13￱ history repeats, Kaleo has set DOGE’s long-term target at $6.9, representing a 3,530% increase from current levels around $0.19. Related Reading: Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants Interestingly, the analyst’s forecast comes just after a sharp daily crash saw Dogecoin drop about 60% at its lowest ￰14￱ expert Kevin noted that the fall was too extreme to be retail-driven, hinting at systemic exchange failures across Binance, Coinbase, and Robinhood, which temporarily restricted buying during the ￰15￱ image from Unsplash, chart from TradingView