$DOGE SHORT-TERM RECOVERY OR DEAD CAT BOUNCE?
DOGE is trading at $0.20555, showing a -8.55% decline in the past 24 hours. After hitting a low of $0.20062, the price bounced slightly, now consolidating below key resistance. Volume is moderately high at 5.768M, showing active participation but no clear trend reversal yet.
Key Levels to Watch:
• Immediate Resistance: $0.20630
– Breakout above this could extend the short-term rally.
• Support Zone: $0.20420
– If this fails, the price may revisit intraday lows quickly.
Trade Setup – Tight Range, Directional Break Expected
Bullish Scenario:
If DOGE holds above $0.20420 and breaks $0.20630, watch for:
• TP1: $0.20750
• TP2: $0.20870
• TP3: $0.21000
Bearish Scenario:
A drop below $0.20420 could lead to:
• TP1: $0.20250
• TP2: $0.20060 (24h low)
Stop-Loss Placement:
• Longs: Below $0.20400
• Shorts: Above $0.20640
DOGE is showing signs of recovery but needs to clear immediate resistance to confirm a bullish shift. Until then, it’s range-bound with downside risk if support breaks.