Is Dogecoin About to CRASH or BOUNCE Back?
$DOGE is at a make-or-break level — traders, don’t blink! 🚨👀
Current Price: $0.2274
Supply Zone Alert:
Dogecoin has slammed into a major resistance zone at $0.24 🚧 — sellers have dominated this area multiple times. With no breakout after several tests, it’s a clear red flag for bulls ❌
Bearish Signals
❌ Multiple rejections from the blue supply zone (visible range volume confirms heavy seller interest) 📉 Lower highs = bearish market structure 🧱 Failure to close above $0.24 hints at a possible distribution phase
Key Levels to Watch:
⚠️ $0.1958 – First support. If this breaks, expect increased selling pressure 🎯 $0.1408 – Strong demand zone: last spot bulls pushed hard. Target for swing traders
Trade Idea (Bearish Bias):
🔻 Short as long as price stays below $0.24 🔑 Entry trigger: 4H candle close below $0.1958 🎯 Target: $0.1408 🛑 Stop loss: Above $0.2420 to manage risk
Volume Insight:
📉 Volume is drying up on each retest — a classic sign of buyer exhaustion at higher levels.
What’s your play?
Will $DOGE break down to $0.14 or bounce back strong?
Drop your thoughts below!