DOGE is swinging on the edge at $0.16249 (-4.98%), facing heavy selling pressure. It maintains a level above the critical low over 24 hours at $0.16128, with bears dominating below all major moving averages.
🔍 Key levels to watch
Support area: $0.16128 → $0.16095 → $0.15800
Resistance area: $0.16262 (EMA7) → $0.16435 (EMA25) → $0.16771 (EMA99)
📊 Trading volume is increasing — 679 million DOGE traded, indicating volatility. The trend remains bearish until a clear break above EMA25 occurs.
💡 Trading setup
Scenario 1: Aggressive buy
Entry: $0.16150 (support test)
TP1: $0.16262
TP2: $0.16435
TP3: $0.16771
SL: $0.16080
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Scenario 2: Bearish break
Entry: below $0.16128
TP1: $0.16095
TP2: $0.15800
SL: $0.16250
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🧠 What to watch for
RSI below 30 (4 hours) may indicate a reversal, but don't rush without confirmation.
Look for volume absorption at the $0.161 area to capture a bounce.
Breaking $0.1677 = trend change towards bulls.
⚠️ DOGE is volatile, meme-driven, and unpredictable. SL should be tight and trading volume appropriate – don’t chase the candles here!
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