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Dogecoin Pulls Back But Ichimoku Alignment Signals Ongoing Strength
Dogecoin's Market Update:
- Dogecoin experienced a slight pullback after reaching a new high, but its overall momentum remains strong.
- Analyst Trader Tardigrade emphasizes the bullish structure of Dogecoin despite recent retracement.
- Key Ichimoku indicators align in favor of continued upward momentum for Dogecoin.

- Five long trades remain profitable, highlighting the reliability of Ichimoku signals.
- Profit-taking will be considered if a Tenkan-sen/Kijun-sen cross occurs, indicating a potential shift in momentum.
Support Levels and Uptrend Analysis
- Immediate support is found at $0.24770 (Kijun-sen), with broader support between $0.21517 and $0.22400 (Kumo cloud).
- Kumo cloud’s green color indicates a bullish market bias.
- Short-term: Price trades above Kijun-sen; Mid-term: DOGE stays above Kumo cloud.
- Long-term: Chikou Span positions above the price, reinforcing a broad uptrend.
- Overall Ichimoku score of +4 confirms a strong uptrend across multiple timeframes.
The technical data supports Trader Tardigrade's assessment, confirming Dogecoin's strong position with an alignment of bullish indicators.