Critical Level Alert on $DOGE: What Needs to Happen Before Next Leg
DOGE is under heavy pressure at $0.06148, shedding 6.35 percent today and flashing severe weakness. Price is trapped well below both the 20 SMA at $0.06325 and the 50 SMA at $0.06453, confirming firm bearish control. With the 14-period RSI plumbing extreme depths at 26.1, we are technically oversold, but momentum remains entirely with the sellers. Overhead supply near the moving averages is capping every relief bounce, putting the $0.06100 daily low under immense stress. If this immediate floor gives way, expect an aggressive liquidity sweep lower. Keep an eye on INIT as well, which is bleeding 14.33 percent with an RSI of 21.5.
Do you think buyers can defend support here, or are we destined for a deeper liquidity sweep?
$DOGE $INIT #Bitcoin #CryptoMarket #TradingView
DOGE is under heavy pressure at $0.06148, shedding 6.35 percent today and flashing severe weakness. Price is trapped well below both the 20 SMA at $0.06325 and the 50 SMA at $0.06453, confirming firm bearish control. With the 14-period RSI plumbing extreme depths at 26.1, we are technically oversold, but momentum remains entirely with the sellers. Overhead supply near the moving averages is capping every relief bounce, putting the $0.06100 daily low under immense stress. If this immediate floor gives way, expect an aggressive liquidity sweep lower. Keep an eye on INIT as well, which is bleeding 14.33 percent with an RSI of 21.5.
Do you think buyers can defend support here, or are we destined for a deeper liquidity sweep?
$DOGE $INIT #Bitcoin #CryptoMarket #TradingView
