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📉 DOGE/USDT Market Analysis – Long-Term Outlook
🗓️ 4H Timeframe | June 21, 2025
DOGE is currently showing signs of consolidation within a descending triangle pattern, a formation typically considered bearish. The upper trendline is sloping downward, while the base support at $0.1582 has been repeatedly tested — a key level to monitor closely.
🔻 Price Action Highlights:
Current Price: $0.1629
24H Low: $0.1582
24H Change: -4.08%
Volume (24H): 971.94M USDT
📉 Bearish Signals:
The descending triangle often signals continuation of a downtrend if the base support fails.
MACD remains bearish with the histogram hovering around the zero line, and no clear bullish crossover yet.
Continuous lower highs indicate strong selling pressure.
📌 Critical Support:
Holding above $0.1582 is crucial. A breakdown below this level could trigger a significant decline toward the next support levels, potentially targeting the $0.14 - $0.13 zone.
📈 Possible Reversal?
For a bullish reversal, DOGE must break above the descending trendline and reclaim the $0.17+ area with strong volume.
Watch for MACD crossover and RSI divergence for early reversal signs.
🎯 Long-Term Perspective:
While short-term momentum remains bearish, this consolidation zone could lead to a volatile breakout soon. Traders should stay alert for either a decisive breakdown or a bullish breakout confirmation.
📊 Risk Management Tip:
Avoid overexposure. Set tight stop losses if trading inside this tightening range.
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