In the past two days of market watching, what surprised me the most was not Bitcoin's sideways movement, nor the sluggishness of Altcoins, but Doge.
That's right, the Doge that is often used as an "emoji", after falling below $0.15, not only did not continue to weaken, but is brewing a highly probable rebound.
If you think this is just a short-term pullback, you might have missed an entire classic "harvesting" script being quietly executed.
After breaking below a key level, is Doge "distributing"?
According to crypto market veteran analyst Trader Tardigrade, Doge is currently at a critical technical structure - the third stage of the PO3 mode, which is "distribution".
Let's briefly explain what PO3 (Power of Three) is: It's a classic trading structure from Smart Money, divided into three stages - accumulation, manipulation, distribution (breakout).
Tardigrade's chart shows that this wave of DOGE's PO3 sequence began around June 25th -
- Early small-scale oscillation, representing chip gathering at the bottom;
- On June 27th, the price suddenly dropped sharply, breaking below $0.15, this "manipulation" stage is very standard, aimed at clearing floating chips and inducing panic;
- However, the market did not continue to plummet, but quickly recovered and started a rebound on June 30th, returning to the $0.16~0.175 range.
That "spike" you thought was a breakdown was actually a smokescreen by the main force.
From MACD to rebound structure, technical indicators are fully bullish
Besides the PO3 structure, the technical side has given an even stronger signal.
Tardigrade points out that Doge's daily MACD has formed a bullish golden cross - the first clear reversal signal in recent weeks. MACD is like a momentum compass, bearish since early June, now finally turning upward.
Combining the PO3 structure, this is basically a double resonance of "theory + technology".
Most interestingly, Doge's recent price has recovered to around $0.175 and broken through a short-term resistance level, which means the rise after the "fake breakdown" could be the starting point of the next major upward wave.
If you're an experienced chart trader, you understand - breaking down and then bouncing back is a textbook-level trap for shorts turning bullish.
What's next? Target $0.28 or higher?
According to Tardigrade's structural analysis, as long as Doge continues to stay above $0.15 and maintain the current trading volume, the next target could directly reach $0.28.
To be honest, I'm quite looking forward to it.
After all, Doge's market performance has never been conventional, like the violent move from $0.05 to $0.7 in 2021, which is not unprecedented. Now that the structure is being laid out, if combined with a stable overall market or a Musk tweet, it would be truly perfect.
Finally, should you chase now?
My advice is two words: light position.
Currently, although Doge has shown some upward structure, it has not completely escaped the oscillation range, belonging to "direction appears, but trend not established".
If you're aggressive, you can follow with a small amount, with a stop loss around $0.148; for conservative friends, waiting to chase after breaking $0.18~0.185 is not too late.
In the end, the crypto world has never lacked opportunities, but understanding the rhythm and hitting the right point is key.
Conclusion
This wave of Doge's movement may not immediately surge, but the "technical rehearsal" has begun. Whether you're a crypto trader or a technical pattern research enthusiast, this double signal of PO3 + MACD is worth paying close attention to.
What do you think about this DOGE operation?
The article ends here! If you're feeling lost in the crypto world, consider joining me in layout and harvesting from market makers! Can join community WeChat+QQ groups! WeChat: Fupi22497 or QQ: 3847185042
