$DOGE /USDT BEARISH ANALYSIS – WEAKENING MOMENTUM BELOW KEY RESISTANCE
Dogecoin (DOGE) is currently trading at $0.22130, down 2.55% in the last 24 hours. After facing strong rejection from the $0.231–$0.234 resistance zone, price is now consolidating near support, with momentum favoring short-term bearish continuation unless bulls reclaim higher levels soon.
🔍 Key Technical Levels:
Current Price: $0.22130
Resistance Levels:
R1: $0.22400
R2: $0.23100 (24h high)
R3: $0.23400 (supply zone)
Support Levels:
S1: $0.21744 (24h low)
S2: $0.21500
S3: $0.20800 (major demand area)
📉 Bearish Trade Setup:
Short Entry: Below $0.21700
Stop Loss (SL): $0.22400
Targets:
TP1: $0.21500
TP2: $0.21000
TP3: $0.20800
⚠️ Market Insights:
High volume rejection near $0.231 suggests strong sell-side liquidity.
RSI weakening on 1H and 4H, signaling decreasing bullish momentum.
Lower highs
#FOMCMeeting #EthereumTurns10 #ETHCorporateReserves #BinanceHODLerTree $DOGE
