Dogecoin Pulls Back But Ichimoku Alignment Signals Strength; See Why

Dogecoin recently faced a slight pullback after hitting a fresh high, yet its overall momentum remains firmly ￰0￱ Ichimoku indicators continue to align in favor of the bulls, reinforcing the strength behind the ￰1￱ Fails To Shake Bullish Structure Trader Tardigrade, an analyst on X, noted in a recent update that Dogecoin (DOGE) has seen a pullback after reaching its recent ￰2￱ this retracement, the overall structure remains firm, suggesting that the market still favors strength on the higher ￰3￱ Reading: Dogecoin In Buy Zone: Bulls Eye $0.34 As Immediate Target According to the analysis, the Ichimoku indicators continue to show strong ￰4￱ setup reinforces the bullish outlook, as the cloud and key lines continue to support ongoing ￰5￱ update also highlighted that five previous long trades remain highly ￰6￱ the bullish conditions holding, there has been no reason to exit these positions ￰7￱ consistency of these profitable trades underscores the reliability of the Ichimoku signals in tracking Dogecoin’s performance.

However, the analyst made it clear that profit-taking will only be triggered by a bearish signal. Specifically, attention is on the potential for a Tenkan-sen/Kijun-sen cross, the Conversion line moving below the Base line, which would indicate a shift in ￰8￱ Levels And Uptrend Score Furthermore, Trader Tardigrade outlined the key support levels for DOGE based on Ichimoku ￰9￱ Kijun-sen offers immediate support at $0.24770, while a broader support zone lies between $0.21517 and $0.22400 at the Kumo ￰10￱ levels are seen as critical areas where buyers may step in to maintain the bullish ￰11￱ Reading: Dogecoin Bullish Kumo Breakout, But Can DOGE Overcome The $0.23804 Barrier?

The analyst also noted the significance of the Kumo cloud’s current color, which is ￰12￱ reflects a bullish bias in the market and adds another layer of confirmation to the ongoing ￰13￱ the cloud trending positively, momentum appears to favor the ￰14￱ down the trends further, the short-term outlook shows price trading above the Kijun-sen, signaling continued upward ￰15￱ the mid-term, DOGE remains above the Kumo cloud, further strengthening the case for sustained bullish ￰16￱ the long-term chart, the Chikou Span is positioned above the price, which reinforces the broader uptrend. Altogether, these conditions result in an overall Ichimoku score of +4, indicating a strong uptrend across multiple ￰17￱ alignment suggests that Dogecoin is well-positioned to extend its strength if support levels ￰18￱ summary, the technical data presented by Trader Tardigrade corroborates his earlier assessment.

DOGE’s current position, supported by a perfect alignment of bullish indicators and a total score of +4, confirms a strong ￰19￱ image from iStock, chart from ￰20￱