$DOGE has declined 6.50% amid widespread meme-sector deleveraging. Its 4-hour RSI has reached 28, while more than $45 million in long liquidations and a 14% open-interest reduction indicate significant leverage has been removed. The $0.1380 support zone is important for a potential technical bounce, although further Bitcoin weakness remains a major risk.
📈 Bias: Short-term Bearish (Leverage Unwind) | 🎯 Entry: $0.1390–$0.1420 | 🛡 Support: $0.1380 | 🚧 Resistance: $0.1520 | 🎯 Targets: $0.1475 / $0.1520 / $0.1610 | ❌ Invalidation: Below $0.1340.
Strategy: Watch for a confirmed horizontal-range support bounce rather than entering during continued selling pressure.
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