DOGE Market Update – Potential Reversal Zone Forming

$DOGE broke down after losing the 0.145 resistance and quickly dropped toward the lower support at 0.14050. The sharp leg down shows strong selling pressure, but the long wick at the bottom signals that buyers stepped in to defend the level.

When price hits support this aggressively, it often becomes a point where early reversal signs begin to appear—as long as buyers prevent further breakdown.

Currently trading around 0.14096, $DOGE is starting to slow after the strong red move. Candle bodies are tightening, and the lower wicks are gradually increasing, showing sellers are beginning to lose momentum.

Entry Zone

0.14080 – 0.14140

This area sits directly above the defended wick and acts as a natural retest zone where buyers typically re-enter during early reversal attempts.

Targets

TP1: 0.14260

TP2: 0.14380

TP3: 0.14500

Stop-Loss

0.13960

Why This Setup Works

The reaction from 0.14050 indicates buyers are respecting this support. Sellers are showing signs of exhaustion—lower wicks rejecting further downside and candles compressing toward the mid-range.

If buyers hold the 0.14080–0.14140 zone during the retest, a recovery toward 0.14380 becomes likely, with 0.14500 opening up if momentum improves.

$DOGE is at a critical point—if the base holds, a short-term bounce is very possible.