$DOGE PRESSURED AT SUPPORT: DEAD CAT BOUNCE OR BOTTOM FORMATION?
$DOGE is currently trading at $0.22185, down -2.76% today. After a sharp pullback from the recent high of $0.23216, DOGE is now consolidating near the day’s low, barely holding above the $0.22100 mark. Bulls are trying to defend this level, but sellers remain active.
Key Technical Levels:
• Immediate Resistance: $0.22330 – $0.22450
Any bounce is likely to face pressure within this zone. A break above $0.22450 is required to shift short-term momentum.
• Critical Support: $0.22090 – $0.22120
This is the final support before the next leg down. If lost, expect acceleration toward $0.21800.
Trade Setup:
Bullish Scenario:
• Entry: Above $0.22330 with confirmation
• TP1: $0.22500
• TP2: $0.22700
Bearish Scenario:
• Entry: Below $0.22090
• TP1: $0.21850
• TP2: $0.21600
Stop-Loss Guidance:
• Longs: Below $0.22050
• Shorts: Above $0.22380
DOGE is sitting right on support. If bulls can’t reclaim $0.22330 soon, bears could take charge. A breakdown below $0.22090 would likely lead to a faster drop. Caution is advised—volume and breakout confirmation are key here.