The monthly chart is still the weakest part of the setup.
Price around $0.0813 is below MA(7) = $0.08643.
Much more importantly, MA(25) = $0.16602,
The major low shown is $0.06766.
đMonthly confirmation for bulls: close above roughly $0.086â0.09, followed by a move toward $0.108.
2. Weekly chart â important decision zone
Current price: ~$0.08127
MA7: $0.08129 â price is almost exactly.
MA25: $0.08699 â overhead resistance.
MA99: $0.17857 â long-term trend remains far above price.
Recent low: $0.06766.
Recent recovery failed around the $0.089â0.095 area.
So DOGE is currently sitting between support and resistance, rather than giving a clean directional signal.The recent weekly candles after the bounce are turning weaker, which means I wouldn't treat the bounce itself as confirmation of a new uptrend.
3. Daily chart â immediate setup
This is where the short-term decision becomes clearer.
Current: $0.08128
MA7 = $0.08249
MA25 = $0.08527
MA99 = $0.07787
Recent low = $0.07831
Price is:
Below MA7 â
Below MA25 â
Above MA99 â
That's a mixed setup.
The good part for bulls is that $0.07831 held and price bounced.
The problem is that the bounce hasn't reclaimed the short-term moving averages.
đ Levels - $0.084â0.085
A daily close above this region would reclaim both the Daily MA7/MA25 area.
Then watch:
$0.089â0.090 â $0.095 â $0.108
A convincing break and hold above $0.095.
đAt $0.0813, DOGE is basically in the middle of a decision area:
$0.078 â support
âŹď¸
$0.081 â current price
âŹď¸
$0.085 â first major confirmation
âŹď¸
$0.089â0.095 â stronger resistance
đI'd be careful about shorting directly around $0.078â0.080, because that is where buyers have recently defended the market.
The latest market reporting says the Fed raised rates by 25 bps to 3.75%â4.00%, while DOGE has also been affected by weakness in the broader crypto market and regulatory uncertainty around the CLARITY Act.
#DOGE $DOGE #dyor
@Eggtartcake_
Price around $0.0813 is below MA(7) = $0.08643.
Much more importantly, MA(25) = $0.16602,
The major low shown is $0.06766.
đMonthly confirmation for bulls: close above roughly $0.086â0.09, followed by a move toward $0.108.
2. Weekly chart â important decision zone
Current price: ~$0.08127
MA7: $0.08129 â price is almost exactly.
MA25: $0.08699 â overhead resistance.
MA99: $0.17857 â long-term trend remains far above price.
Recent low: $0.06766.
Recent recovery failed around the $0.089â0.095 area.
So DOGE is currently sitting between support and resistance, rather than giving a clean directional signal.The recent weekly candles after the bounce are turning weaker, which means I wouldn't treat the bounce itself as confirmation of a new uptrend.
3. Daily chart â immediate setup
This is where the short-term decision becomes clearer.
Current: $0.08128
MA7 = $0.08249
MA25 = $0.08527
MA99 = $0.07787
Recent low = $0.07831
Price is:
Below MA7 â
Below MA25 â
Above MA99 â
That's a mixed setup.
The good part for bulls is that $0.07831 held and price bounced.
The problem is that the bounce hasn't reclaimed the short-term moving averages.
đ Levels - $0.084â0.085
A daily close above this region would reclaim both the Daily MA7/MA25 area.
Then watch:
$0.089â0.090 â $0.095 â $0.108
A convincing break and hold above $0.095.
đAt $0.0813, DOGE is basically in the middle of a decision area:
$0.078 â support
âŹď¸
$0.081 â current price
âŹď¸
$0.085 â first major confirmation
âŹď¸
$0.089â0.095 â stronger resistance
đI'd be careful about shorting directly around $0.078â0.080, because that is where buyers have recently defended the market.
The latest market reporting says the Fed raised rates by 25 bps to 3.75%â4.00%, while DOGE has also been affected by weakness in the broader crypto market and regulatory uncertainty around the CLARITY Act.
#DOGE $DOGE #dyor
@Eggtartcake_
