Looks like a major selloff just happened on $DOGE . That massive red candle ate up a lot of the recent gains. The question is whether this is a short-term shakeout or the start of a deeper correction.
We saw a clear rejection around the $0.23 area. Bulls couldn't break through, and sellers came in with force. The next level to watch for support is around $0.21 to $0.212. A bounce from there would be a good sign. If that support breaks, we could be looking at a move back toward $0.207.
Volume is key right now. We need to see what the follow-through looks like. Is this high-volume selling going to continue, or are buyers going to step in to defend the current price?
Stay cautious. The trend just shifted, and it's not looking good for the bulls in the short term. Always manage your risk.
