$DOGE Breaks Key Support – Oversold Bounce or Deeper Drop?
$DOGE is trading at $0.16050, following a clear rejection from the $0.16100–$0.16150 resistance block. With price now below local structure and a spike in sell volume, the next few candles are critical.
Key Levels to Watch
• Resistance: $0.16100 — Reclaiming this is essential for a bullish recovery
• Support: $0.15900 — The next defense line if downside pressure continues
Trade Setup
Bearish Continuation Below $0.16050
• Target 1: $0.15900
• Target 2: $0.15750
• Target 3: $0.15500
Bullish Rebound on Quick Recovery Above $0.16100
• Target 1: $0.16200
• Target 2: $0.16320
DOGE is testing the lower bound of the range. If bulls fail to reclaim $0.16100, we could see further downside. Watch for a volume-led reversal or confirmation of breakdown.