$DOGE / USDT CONSOLIDATING AFTER SHARP DROP, BOUNCE OR BREAKDOWN NEXT?
After topping out at $0.25157, $DOGE has been in a clear downtrend, marking successive lower highs at $0.23268 and $0.22959. The most recent low at $0.20485 could serve as a pivot point as price now consolidates in a tight range, building tension near support.
Current Chart Structure:
• Previous Highs: $0.25157 → $0.23268 → $0.22959
• Last Low: $0.20485
• Current Range:
• Resistance: ~$0.2135
• Support: ~$0.1990
Trade Setup (Range Play):
• Entry: $0.2000 – $0.2030
• TP1: $0.2130
• TP2: $0.2190
• SL: Below $0.1970
This is a crucial zone if $DOGE can reclaim above $0.2135, we may see a short-term trend reversal. But a breakdown below support opens room to revisit $0.1900. Watch the range closely volatility is building.