$DOGE /USDT – Potential Downside Pressure Ahead
Due to price breaking below its 7 and 25-day moving averages and heavy selling volume, DOGE shows weakening momentum. Resistance near $0.247 with current price at $0.230 suggests a pullback.
Current Price: $0.23015 (-5.57%)
Key MAs: MA(7): $0.23385, MA(25): $0.23316
Trade Setup:
Entry Zone: $0.233 – $0.235
TP1: $0.2275
TP2: $0.2085
SL: $0.2400
Support: $0.2276, $0.2085
Resistance: $0.2453, $0.2637
Market Insight:
Strong selling volume (~1.19B DOGE) indicates sellers controlling near resistance. Watch volume and price action for rebound signals.
Pro Tip:
If price closes below $0.230 on high volume, expect accelerated downside momentum. Use tight stop loss to manage risk.
