bearish analysis for $DEGO 💯🔥
/USDT doge Coin down 👇
📉 $DEGO /USDT – Bearish Technical Overview
Current Price: $1.433
24h High: $2.789
24h Low: $1.286
Drop: -43.63% — major breakdown, indicating panic selling or a fundamental issue.
Volume (USDT): $40.22M — high, suggests strong momentum behind the dump.
🔻 Bearish Indicators
Trend: Sharp breakdown from above $2.70 — now in a free-fall phase.
Support Levels:
$1.286 → recently tested 24h low.
$1.215 → next strong horizontal support.
Resistance Levels (if bounce happens):
$1.525 → first supply zone.
$1.833 → prior breakdown level (likely to reject).
Volume Surge: Confirms strong bearish sentiment. Smart money likely exiting.
⚠️ Trade Signal – BEARISH
Strategy:
⚠️ Avoid new long positions until price stabilizes or forms a reversal pattern.
Potential short scalps (if allowed on platform) at $1.52–$1.60 with stop above $1.83.
Short-Term Targets:
$1.30 (already tested)
$1.215
$1.10 or lower if $1.20 fails
📊 Momentum Outlook
RSI (likely): Oversold — but falling knife scenario.
MACD: Likely deep in bearish territory.
Sentiment: Bearish to panic mode. Retail may still be holding.
