Dogecoin $DOGE Update — Bounce or Breakdown Ahead?
🐕 DOGE has slipped back under $0.250, sparking fresh debate — is this just a healthy pullback, or the start of a deeper correction?
📉 Current Price Action:
Trading below $0.2320 and the 100-hourly SMA
Broke down from key ascending channel support at $0.2295
Bears eyeing the $0.2165–$0.2150 zone as critical support
⚔️ Key Levels to Watch:
Immediate Resistance: $0.2295 → $0.2320
Breakout Zone: $0.2420 (close above here could trigger $0.250–$0.265)
Support Floor: $0.2165 (strong hold) → $0.2150 (major test)
Deeper Risk: Below $0.2150 opens doors to $0.2050–$0.2020
📊 Technical Signals:
MACD: Turning bearish
RSI: Below 50, momentum cooling off
Bearish Scenario: Fail at $0.2320 → test $0.2165, possible dip toward $0.2050
