After the strong break of the support zone 0.0710 – 0.0722$, $DOGE saw a shift in direction. Any rebound toward it may face fresh selling pressure unless the price can regain it and close above it. Currently, the short-term moving averages still tend downward, which keeps momentum in favor of the sellers.
If the price remains below the supply zone, the decline may extend toward 0.06893$ as a first target, then 0.06835$, while 0.06776$ represents the third target if selling pressure increases.
As for the bullish scenario, it will not begin unless the price returns to break through 0.0710 – 0.0722$ and holds above it, because that would indicate buyers regaining control and canceling the advantage of the current downside.
If the price remains below the supply zone, the decline may extend toward 0.06893$ as a first target, then 0.06835$, while 0.06776$ represents the third target if selling pressure increases.
As for the bullish scenario, it will not begin unless the price returns to break through 0.0710 – 0.0722$ and holds above it, because that would indicate buyers regaining control and canceling the advantage of the current downside.