$DOGE

Technical Breakdown Intensifies Bearish Momentum

Price fell below key technical levels:

7-day SMA ($0.233)30-day SMA ($0.228)78.6% Fibonacci retracement ($0.210)

While RSI (48.29) shows neutral momentum and MACD convergence suggests slowing downside pressure, failure to hold $0.210 has increased risk of a test toward the 200-day EMA ($0.206). A sustained break above $0.232 would be needed to signal potential recovery.

Key Watch: Traders should monitor Friday’s Michigan Consumer Sentiment data for inflation expectations clues. With $450 million in DOGE options open interest expiring August 15, reclaiming $0.23 before this deadline may prove critical for reversing bearish momentum. Though oversold conditions could fuel a bounce, macroeconomic sensitivity remains DOGE’s defining vulnerability.