$DOGE SITTING ON SUPPORT – WILL BULLS BITE BACK OR SLIDE CONTINUES?
$DOGE is currently trading at $0.21728, down -3.04%, after a consistent intraday downtrend from the $0.23779 high. The price is consolidating just above a key support zone, with slight bullish recovery signs on lower timeframes.
Key Levels to Watch:
• Resistance Zone: $0.21950 – $0.22200
A breakout above this range could trigger a quick upside burst.
• Support Zone: $0.21410 – $0.21630
Holding this zone is critical—losing it may accelerate further decline.
Trade Setup – Awaiting Confirmation Move:
Bullish Scenario:
If DOGE clears $0.21950 with volume, the next upside targets could be:
• TP1: $0.22200
• TP2: $0.22750
Bearish Scenario:
A drop below $0.21400 may drag price toward:
• TP1: $0.20900
• TP2: $0.20250
Stop-Loss Placement:
• Long Entry: SL below $0.21400
• Short Entry: SL above $0.22200
DOGE is holding a fragile support. A confirmed breakout above $0.2195 could flip momentum bullish, while a breakdown below $0.2140 would favor sellers. Stay nimble.