DOGE is currently testing a strong demand zone near the $0.17900–$0.18000 level, identified by the orange shaded area. This zone has already acted as solid support earlier, and we’re seeing bullish wicks forming again, hinting at a potential bounce.
Key Technical Highlights:
Demand Zone (Support): $0.17900–$0.18000
Immediate Resistance: $0.18183
Key Supply Zone (Resistance): $0.18351–$0.18400
Price Action: Repeated rejection of lows at demand; signs of exhaustion in selling pressure
Bullish Triggers: Reclaim of $0.17999 could trigger a move back to $0.1818 and then $0.1835
Watch for: Break and retest of $0.1818 for bullish continuation
Potential Trade Setup (Not Financial Advice):
If price confirms a reversal from the demand zone, a long setup toward the $0.1818 and $0.1835 supply zones could be in play. SL below $0.1790, TP zones as marked.
Market Sentiment: Slightly bearish but short-term recovery likely from demand zone unless this support fails.
What to watch:
Price behavior at $0.1800
5- and 15-min volume confirmation on bounce
MACD/RSI divergence (if using oscillators)