DOGE BEARISH TREND FORMING!
Despite the bullish sentiment around Dogecoin (DOGE) aiming for $1, recent analyses highlight a potential bearish trend forming. Technical indicators show conflicting signals: while the MACD suggests bullish momentum, the weekly MACD line crossing below the signal line with rising bearish histograms indicates short-term bearish pressure. The Relative Strength Index (RSI) is near overbought levels, suggesting a possible pullback. DOGE is trading around $0.22-$0.23, with resistance at $0.24-$0.28 and $0.30 proving challenging. Support levels are at $0.21-$0.22, with a deeper floor at $0.19-$0.20. A failure to break above $0.28 could lead to a retest of $0.18-$0.20 or lower, especially if Bitcoin fails to surpass $104,000, triggering a broader market correction. However, whale accumulation and high trading volumes ($3-$9.98B daily) suggest strong interest, and a breakout above $0.30 could invalidate bearish signals, targeting $0.50 or higher. Monitor key levels and broader market trends closely#REVABinanceTGE #CryptoIntegration #ETHStakingExitWatch $DOGE
