🚀 $DOGE falls to $0.224 after bullish oasis — buy on the correction?
Current price and clear technical structure
Dogecoin is trading at $0.2242, with an intraday range between $0.2224 and $0.2464. The price is retreating from recent highs, but still remains within the bullish channel that started at $0.20. A consolidation is observed above the critical support at $0.22–$0.224.
Key factors
An 11% drop, from $0.26 to $0.24, driven by institutional selling and high volatility.
Intraday trading volume exceeding 2.26 billion DOGE, reflecting strong selling pressure.
The price managed to hold slightly above $0.23, which could suggest strategic buying at lower levels.
Technical level of the day
Key support: $0.22–$0.224
Immediate resistance: $0.246–$0.25
Critical zone: Staying above the support would enable a bounce towards $0.246+; a drop below could open the way to $0.21–$0.22.
Institutional outlook / macro view
The pullback seems to be a technical reaction following the rally at the start of the week. Although the bearish momentum creates uncertainty, the narrative of DOGE as a "meme coin with potential institutional backing" remains alive. Its high liquidity keeps it relevant for scalpers and meme coin traders.
Do you take advantage of this pullback to accumulate $DOGE or do you prefer to wait for confirmation above $0.246? Comment below 👇
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