$DOGE
๐ $DOGE/USDT Technical Outlook โ Oversold Rebound or Further Drop?
๐น Current Price: $0.16750
๐น 24h Change: -12.92%
๐น 24h High/Low: $0.19534 / $0.16534
๐น 24h Volume: 1.55B DOGE
Market Overview:
DOGE has faced a significant pullback, losing over 11% in the last 24 hours. However, the price is showing signs of a possible bounce after testing the $0.16534 support level, with increasing trading volume hinting at a potential recovery.
Key Support & Resistance Levels:
๐ธ Support: $0.17000 โ $0.16500
๐ธ Resistance: $0.17500 โ $0.18000
Trade Setups:
๐ Bullish Setup:
If DOGE holds above $0.17000 and breaks $0.17500, we could see an upside move.
โข Entry: $0.17200 - $0.17400
โข Target 1: $0.17800
โข Target 2: $0.18500
โข Stop Loss: $0.16300
๐ Bearish Setup:
A breakdown below $0.17000 could lead to further declines.
โข Short Entry: Below $0.17000
โข Target 1: $0.16500
โข Target 2: $0.16000
โข Stop Loss: $0.17400
๐ Key Watchpoints:
โข Volume surge and BTC movement could signal a trend shift.
โข A strong breakout above resistance may confirm a reversal.
๐ฌ Will DOGE bounce back or continue its downtrend? Share your thoughts below!