$DOGE Market Update ๐ถ๐
After reaching a local high of $0.29, DOGE dropped sharply to around $0.22 following the release of negative news yesterday.
๐ What likely happened?
Before the news, both institutions and retail traders seemed to be waiting on the Federal Reserve's announcement โ using the build-up to push price lower and accumulate positions.
Once the news hit, the expected drop occurred โ but now the price appears to be stabilizing at $0.22.
๐ My take?
We might be approaching a short-term correction or rebound, as the worst of the news has likely been priced in.
But as always โ
๐ Watch for volume shifts
๐ Confirm with trend indicators
๐ง Stay cautious, especially in volatile post-Fed environments