$DOGE looks fine until it doesn’t.
Trading $0.0702 with a tiny 0.62% green day and 24h volume at $24.43M. That’s not a breakout, that’s a bounce. 👀
RSI on the 4h is 48, so it’s basically mid-range noise, but the tape is still ugly: price is below the 20d and 50d MAs, volume is only 0.7x its 20d average, and futures funding is positive at 0.003%... so longs are already paying for the privilege.
That’s the part people ignore before they get smoked.
Good spot? Sure, if it reclaims and holds.
Bad spot? Also yes.
It’s 33% up from the bottom of the 30d range and only 7% off the high, so the upside is there, but so is the trap. I’ve been burned on this name before 😅
Who else is watching $DOGE?
#Dogecoin
#Memecoins
Trading $0.0702 with a tiny 0.62% green day and 24h volume at $24.43M. That’s not a breakout, that’s a bounce. 👀
RSI on the 4h is 48, so it’s basically mid-range noise, but the tape is still ugly: price is below the 20d and 50d MAs, volume is only 0.7x its 20d average, and futures funding is positive at 0.003%... so longs are already paying for the privilege.
That’s the part people ignore before they get smoked.
Good spot? Sure, if it reclaims and holds.
Bad spot? Also yes.
It’s 33% up from the bottom of the 30d range and only 7% off the high, so the upside is there, but so is the trap. I’ve been burned on this name before 😅
Who else is watching $DOGE?
#Dogecoin
#Memecoins