$DOGE /USDT is trading at $0.22746 after sliding from $0.24179, touching an intraday low of $0.22645.
Price is below the 7-MA ($0.22820) and 25-MA ($0.23254), signaling short-term bearish pressure.
Key Levels to Watch
🔹Resistance: $0.22980 – A break above could open a path toward $0.23254.
🔹Support: $0.22645 – Holding this level could spark a relief bounce, with $0.22500 as the next line of defense.
Trade Setup
🔹Long Entry: Above $0.22980, targeting $0.23254 → $0.23443.
🔹Short Entry: Below $0.22645, aiming for $0.22500 → $0.22280.
🔸Stop-Loss: Adjust to $0.22850 for longs and \$0.22720 for shorts.
Quick Tips
🔹Breakout Confirmation – Close above $0.22980 may trigger short-covering.
🔹Profit-Taking Areas – Watch $0.23254 and $0.23443.
🔹Volume Surge – Heavy sell volume near support could push price lower.
$DOGE under pressure, bulls need to reclaim $0.22980 for momentum shift.