Dogecoin Eyes Breakout! Will $0.21 Hold or Fold?

After falling 35% in just two weeks $DOGE just bounced 5% and is now testing the key $0.21 resistance zone!

🔍 Here is What’s Happening:

DOGE is trying to flip the downtrend after weeks of losses

Open Interest (OI) dropped from 19.6B → 15.3B DOGE = lower trader confidence

Funding rates are still flat = market cautious

Whale wallets (10M to 100M DOGE) dumped 740M DOGE since July 17 💸

But Some Signs Look Bullish:

DOGE is bouncing off a key trendline from Dec 2024

RSI is near neutral still has room to move up

Stochastic Oscillator recovering from oversold = potential bullish reversal

Price supported by 50 day EMA and 200 day SMA 💪

🚀 What to Watch:

🔺 Break & hold above $0.21 = Next target $0.26

🔺 Break $0.26 = Eyes on $0.28

major resistance from last 6 months

❗ Failure to break $0.21 = Price could fade again

🧠 Pro Tip: Watch momentum indicators (RSI & Stoch) + volume. If both flip bullish with rising OI, DOGE could be ready to meme its way back up

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